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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-options-expire-today-impacting-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Options Expire Today, Impacting the Crypto Market</a> 
Bitcoin (BTC) and Ethereum (ETH) options worth approximately $5.65 billion are set to expire today. This expiration is closely watched by traders and investors, as it is expected to cause price fluctuations in the <a href="https://en.coin-turk.com/bitget-introduces-new-security-and-key-management-feature-what-is-the-mpc-wallet/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>.
<h2 style="text-align: justify" id="how-will-the-launch-of-spot-ethereum-etfs-affect-the-crypto-options-market">How Will the Launch of Spot Ethereum ETFs Affect the Crypto Options Market?</h2>
Data from Deribit shows that 61,320 Bitcoin contracts worth $4.07 billion are set to expire today. This figure marks a significant increase compared to the 20,679 contracts seen last week. The current put-to-call ratio is at 0.61, with a maximum dip level indicated at $63,000.
<img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-374036" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-1-coin-turk-com-2.png" alt="" width="668" height="276">
Similarly, Ethereum options worth over $1.59 billion, comprising 499.803 contracts, are also expiring, and the process is being closely monitored. The put-to-call ratio for Ethereum is 0.46, with the dip point calculated at $3,300.
<img decoding="async" class="aligncenter size-full wp-image-374035" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-2-coin-turk-com-5.png" alt="" width="664" height="277">
The recent launch of spot Ethereum exchange-traded funds (ETFs) in the US has sparked new discussions about the existing <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market conditions</a>. Analysts at Deribit attribute the current market outlook to factors such as the Mt Gox distribution, ETF exits, and the decline in Nasdaq.
<blockquote>
 The combination of the Mt. Gox distribution (Grayscale Ethereum Trust) ETHE exits and NDQ decline was too much for the collective crypto optimism of the past few days.
</blockquote>
Adam, an analyst at the crypto options trading platform Greeks.live, also shared his observations on the current market conditions.
<blockquote>
 The crypto market, affected by the German government’s sales, formed a deep V trend in July, and BTC and ETH showed a sharp recovery in the past two weeks. The main futures IVs of the cryptocurrency also recovered significantly due to numerous positive factors.
</blockquote>
<h2 style="text-align: justify" id="what-are-the-current-prices-of-bitcoin-and-ethereum">What Are the Current Prices of Bitcoin and Ethereum?</h2>
Bitcoin’s price appears to be repeating its early morning movements today. As of the time of writing, the price continues to hover around the $67,000 level, reflecting the ongoing battle between bulls and bears in this region.
In the case of Ethereum, the price dropped from $3,469 to $3,098 on July 24. Following this decline, ETH rose by 3% in the last 24 hours, reaching $3,271.
Historical <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data shows</a> that such large option expiration dates can cause significant market movements. Investors are advised to closely monitor the market for potential fluctuations in the coming hours.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-options-expire-today-impacting-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Options Expire Today, Impacting the Crypto Market</a></h5>
The post <a href="https://en.coin-turk.com/bitcoin-and-ethereum-options-expire-today-impacting-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Options Expire Today, Impacting the Crypto Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Bitcoin and Ethereum Options Expire Today, Impacting the Crypto Market

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