$4,100,000,000 worth of Bitcoin & Ethereum options expire today.
Over $4.1 billion in Bitcoin and Ethereum options are expiring today, which could lead to significant volatility in the cryptocurrency market. Here's a breakdown of what's happening:
- Bitcoin Options:
- Value: $3.5 billion
- Contracts: 33,972
- Maximum pain price: $105,000
- Put-to-call ratio: 1.00, indicating a relatively balanced sentiment between bullish and bearish positions
- Ethereum Options:
- Value: $565.13 million
- Contracts: 224,509
- Maximum pain price: $2,600
- Put-to-call ratio: 0.69, leaning towards a bullish sentiment
Traders are bracing for potential volatility due to the large volume of expiring options. The maximum pain point, where most options expire worthless, could guide market behavior. Bitcoin is trading around $105,936.96, and Ethereum is around $2,549.94, both showing slight gains in the last 24 hours.
Market sentiment is currently bearish in the short term due to the Federal Reserve's stance and geopolitical tensions, but traders remain optimistic about a Q4 market rebound.#SwingTradingStrategy $BTC