Recent reports have revealed an important upcoming event where a significant amount of tokens will expire. Bitcoin (BTC) and Ethereum (ETH) options contracts.
Bitcoin and Ethereum Options Contracts Expiring
Global options trading service platform Greeks.live via X (formerly Twitter) share Data on expiration of cryptocurrency assets.
According to the platform, approximately 37,000 BTC options with a notional value of $1.58 billion are scheduled to expire. Additionally, Bitcoin’s current put-call rate is “Maxpain” points hit 1.02 with $42,000.
Meanwhile, for Ethereum, data shows about 268,000 options worth $610 million are set to expire soon. Additionally, the current put-call rate is For ETH The “maxpain” point is $2,250, which is 0.66. Here is the post:
December 15 options data. 37,000 BTC options are set to expire with a put-call ratio of 1.02, Maxpain points of $42,000, and a notional value of $1.58 billion. 268,000 ETH options are set to expire with a put-call ratio of 0.66, Maxpain points of $2,250, and a notional value of $610 million.
Specifically, the put-call ratio simply contrasts the trading volume of put options and call options. A ratio above 1 means there are more puts (selling) than call (buying) options, suggesting a negative outlook among traders.
Additionally, the price at which the greatest number of options expire worthless is called the maximum pain point.
Greeks.live claimed that the market fell this week, with BTC falling close to $40,000 at one point. As a result, many people hedged their positions, which resulted in more puts than calls this week. teaDespite the downtrend, most trading is still focused on Bitcoin options.
The platform also Implied Volatility (IV) It’s been fairly flat for about a month now. Additionally, significant options movement is still underway.
Crypto Asset Set to See Significant Inflows
Cryptocurrency analyst Ali recently said: exposed Billions of dollars are expected to flow into Bitcoin, Ethereum. The analyst shared this important information with the cryptocurrency community via an X post on Thursday, December 14th.
According to Ali, more than $19.7 billion will flow into the two major players in the cryptocurrency market. He also added that these capital inflows were similar to those observed in December 2020.
X’s post was accompanied by a chart showing a hypothetical explanation of a similar scenario. Ali highlighted that after the scenario, the price of BTC rose from $18,000 to $65,000.
With billions of dollars flowing into the two major cryptocurrencies, the market may be poised for further gains.
Featured image from iStock, Chart from Tradingview.com
Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.