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๐ค๐คOver $11 Billion Bitcoin, Ethereum Options Expire Today Amid Bullish Sentiment
โผ๏ธRead Belowโผ๏ธ
Over $11.4 billion in Bitcoin and Ethereum options expire today, with Bitcoin at $9.79 billion and Ethereum at $1.63 billion, potentially driving short-term volatility. Bitcoinโs options show a bullish max pain price of $100,000 and a put to call ratio of 0.89, while Ethereumโs options reflect a similar optimistic sentiment at $2,300 max pain. Despite lingering upside interest in call options, traders brace for sharp pullbacks, with increased demand for protective puts signaling caution in the market.
๐ฅQuick Take :
Options expirations often cause short-term price fluctuations, creating market uncertainty. Meanwhile, BeInCrypto data shows Bitcoinโs trading value has dropped by 1.43% to $106,122. On the other hand, Ethereumโs price is down by 3.43%, now trading at $2,634. While Bitcoinโs price remains above $100,000, sentiment in derivatives markets signals rising caution. The analysts note that despite BTC maintaining its range, traders actively hedge downside risk.
Ethereum, meanwhile, has shown relative strength. Though its upward momentum has slowed, implied volatility (IV) remains elevated at around 70% short term, with prices up 3% in the medium to long term. The market appears to be recalibrating ETHโs fair value as it consolidates recent gains. Overall sentiment leans bearish, with most private group traders expecting a sharp pullback in BTC. The dominant strategy centers on loading put spreads.
โ ๏ธ Follow for More โ ๏ธ
$ETH
$BTC
โผ๏ธRead Belowโผ๏ธ
Over $11.4 billion in Bitcoin and Ethereum options expire today, with Bitcoin at $9.79 billion and Ethereum at $1.63 billion, potentially driving short-term volatility. Bitcoinโs options show a bullish max pain price of $100,000 and a put to call ratio of 0.89, while Ethereumโs options reflect a similar optimistic sentiment at $2,300 max pain. Despite lingering upside interest in call options, traders brace for sharp pullbacks, with increased demand for protective puts signaling caution in the market.
๐ฅQuick Take :
Options expirations often cause short-term price fluctuations, creating market uncertainty. Meanwhile, BeInCrypto data shows Bitcoinโs trading value has dropped by 1.43% to $106,122. On the other hand, Ethereumโs price is down by 3.43%, now trading at $2,634. While Bitcoinโs price remains above $100,000, sentiment in derivatives markets signals rising caution. The analysts note that despite BTC maintaining its range, traders actively hedge downside risk.
Ethereum, meanwhile, has shown relative strength. Though its upward momentum has slowed, implied volatility (IV) remains elevated at around 70% short term, with prices up 3% in the medium to long term. The market appears to be recalibrating ETHโs fair value as it consolidates recent gains. Overall sentiment leans bearish, with most private group traders expecting a sharp pullback in BTC. The dominant strategy centers on loading put spreads.
โ ๏ธ Follow for More โ ๏ธ
$ETH
$BTC
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