78,000 Bitcoin options and 461,000 Ethereum options are about to expire
According to Foresight News, 78,000 Bitcoin options and 461,000 Ethereum options are about to expire, with a nominal value of 7.18 billion dollars and 820 million dollars respectively. The Put Call Ratio for Bitcoin options is 0.75, with the maximum pain point at 86,000 dollars. The Put Call Ratio for Ethereum options is 0.82, with the maximum pain point at 1,900 dollars.
I have found that many retail investors' understanding is still stuck in the comparison of long and short positions, guessing how much it can rise and how much it can fall to speculate on the direction and levels of the market? If you trade cryptocurrencies this way, who will lose if you don't?
#Strategy增持比特币 It is getting closer and closer to 91. There is still a lot of resistance, but the pace is obviously getting faster. Will it drop in May?
#Strategy增持比特币 It is getting closer and closer to 91. There is still a lot of resistance, but the pace is obviously getting faster. Will it drop in May?
I think this operation in BTC is a trap to lure in buyers and then kill the shorts. It won't go above 100k again, as some have already been trapped above. Should they try to break even? I also haven't added more margin. If it explodes, all remaining bullets will be on a 125x short. This week, I estimate we won't see 7. Everyone, just stay safe and it's a sunny day.
The first target has been reached, the main force is expected to attack 91 next month. During this time, both long and short positions are fine, profit and exit.
BTC originally has the properties of digital gold, but for many years it has been playing the role of a subordinate due to the dominance of the US dollar. Can it fully realize its hedging potential this time? Can it be less dependent on the US dollar?