This week, the crypto market is facing concerns over the expiry of over $3.5 billion worth of Bitcoin and Ethereum options. The high volume of expiring options is expected to cause short-term volatility, coinciding with global uncertainty due to geopolitical tensions. The majority of expiring options are Bitcoin contracts, with a put-to-call ratio of 0.91, indicating a bullish sentiment among traders. On the other hand, Ethereum contracts have a put-to-call ratio of 1.14, suggesting a market tilt towards protecting against price drops. As options near expiration, the underlying asset's price tends to gravitate towards the strike price, causing maximum financial loss to option holders. Analysts highlight bearish dominance in the market, with traders shifting to buy puts for protection. The high volatility environment is creating opportunities for put protection strategies, anticipating significant price swings from unexpected catalysts like US-China trade deals and geopolitical tensions. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC #ETH