Ethereum

Bitcoin

While the leading cryptocurrency Bitcoin rose above $ 44,000 again, all eyes turned to Bitcoin and Ethereum options that will expire today.
According to the news of Singapore-based crypto options data platform Greeks.live, 25,000 BTC and 217,000 ETH options will expire.
Accordingly, while the Put/Call Ratio of BTC options is 0.70, the maximum loss point is $42,000 and the notional value is $1.11 billion.
Looking at Ethereum, ETH options have a Put/Call Ratio of 0.60, a maximum loss point of $2,200, and a notional value of $490 million.
Stating that current signals point to a potential collapse, Greeks.live said:
<blockquote>
 “With cryptocurrencies pushing higher this week, the BRC market holding on, lending rates continuing to rise, a large number of protective put options being traded, all signals point to the risk of a potential crash.
 “When we look at the option data, we see that option positions have shifted to next year's maturities on a larger scale, especially due to the potential expectations of ETFs, positions are higher in January than in previous years, and large-scale changes are still continuing.”
</blockquote>
The put/call ratio is calculated by dividing the number of put options by the number of call options. A ratio below 1 means there are more purchases than puts, indicating an upward trend.
A ratio above 1 means there are more put options than call options, indicating a bearish trend. A ratio close to 1 means the market is balanced or neutral.
For Bitcoin, this rate is 0.70; For Ethereum it appears as 0.60. Accordingly, although these rates are closer to the 1 level, they indicate an upward trend for BTC and ETH. However, time will tell how these rates, along with other data and signals, will affect prices.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Dec 22 Options Data 25,000 BTC options are about to expire with a Put Call Ratio of 0.70, a Maxpain point of $42,000 and a notional value of $1.11 billion. 217,000 ETH options are about to expire with a Put Call Ratio of 0.60, a Maxpain point of $2,200 and a notional value of… <a href="https://t.co/1bSmZnryFP" rel="noopener noreferrer nofollow">pic.twitter.com/1bSmZnryFP</a>
 — Greeks.live (@GreeksLive) <a href="https://twitter.com/GreeksLive/status/1738080159226581155?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 22, 2023</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/a-large-number-of-options-expire-today-in-bitcoin-and-ethereum-what-does-the-data-point-to/" rel="noopener noreferrer nofollow">A Large Number of Options Expire Today in Bitcoin and Ethereum! What Does the Data Point to?</a>

A Large Number of Options Expire Today in Bitcoin and Ethereum! What Does the Data Point to?

Bitcoin Sistemi EN

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