Ethereum

Bitcoin

Billion

Although the leading cryptocurrency Bitcoin has experienced sudden and sharp declines in recent days, options traders expect Bitcoin to reach a record level by the end of the month in the face of possible interest rate cuts in the USA and expectations of increased ETF inflows. 
As BTC prepares for the weekly, monthly and quarterly close, investors are focused on $6.68 billion worth of Bitcoin (BTC) and $3.5 billion worth of Ethereum (ETH) options on Deribit that expire today, June 28. 
Related News: <a href="https://en.bitcoinsistemi.com/option-investors-are-bullish-on-bitcoin-and-ethereum-watch-out-for-these-dates-for-new-records/" target="_blank" rel="dofollow">Option Investors Are Bullish on Bitcoin and Ethereum: Watch Out for These Dates for New Records!</a> 
According to the news of Singapore-based crypto options data platform Greeks.live, 107 thousand BTC and 1.04 million ETH options will expire on June 28. 
Accordingly, while the Put/Call Ratio of BTC options is 0.5, the maximum loss point is $57,000 and the notional value is $6.6 billion. 
Looking at Ethereum, ETH options have a Put/Call Ratio of 0.59, a maximum loss point of $3,100, and a notional value of $3.6 billion. 
Greeks stated that June was a difficult month for the cryptocurrency market. lived said: 
<blockquote> 
 “Today, three-month options expire and the options expire with a notional value of over $10 billion. 
 June has been a tough month for the crypto market; “As BTC and ETH prices approached the Maxpain point, which at one point investors thought was impossible to reach, a more pessimistic atmosphere was created.” 
</blockquote> 
<h2 id="what-does-the-put-call-ratio-indicate-for-bitcoin-and-ethereum">What Does the Put/Call Ratio Indicate for Bitcoin and Ethereum?</h2> 
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 0.5; For Ethereum it appears as 0.59. Accordingly, these rates indicate an upward trend for BTC and ETH. However, time will tell how these rates will affect the price. At this point, do not make your investment decisions based on a single data or report. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 June 28 Options Data 107K BTC options are expiring with a Put Call Ratio of 0.5, a Maxpain point of $57,000 and a notional value of $6.6 billion. 1.04M ETH options are expiring with a Put Call Ratio of 0.59, Maxpain point of $3,100 and notional value of $3.6 billion. Today is… <a href="https://t.co/sYVyb3HJnC">pic.twitter.com/sYVyb3HJnC</a> 
 — Greeks.live (@GreeksLive) <a href="https://twitter.com/GreeksLive/status/1806594061580804259?ref_src=twsrc%5Etfw">June 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/10-billion-dollar-option-earthquake-in-bitcoin-and-ethereum-what-to-expect-in-btc-and-eth-price/">10 Billion Dollar Option Earthquake in Bitcoin and Ethereum! What to Expect in BTC and ETH Price?</a>

10 Billion Dollar Option Earthquake in Bitcoin and Ethereum! What to Expect in BTC and ETH Price?

목차

Bitcoin Sistemi EN

2024년 6월 28일에 게재된 다른 기사

Are Active Bitcoin Dormant Whales Indicating a Recovery?

Crypto: The Awakening of the Shiba Inu, Between Hope and Uncertainty!

Solar Uses Delegated Proof of Stake for Community-Driven Blockchain

Altcoin Experts Buying TODAY! These Altcoins Will Outperform Market This Summer

zkVerify Announces Integration with ApeChain to Boost Gaming Performance and Reduce Costs

Arpa Network Enhances Data Privacy Using Blockchain Technology

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!