A recent report has revealed a major upcoming event that will see the expiration of a notable amount of bitcoin (btc) and ethereum (eth) options contracts.
bitcoin and ethereum options contract is about to expire
Global options trading services platform Greeks.live, took to X (formerly Twitter) to share data on the expiration of cryptoassets.
According to the platform, around 37,000 btc options with a face value of $1.58 billion will expire. Furthermore, the current bitcoin buying and selling ratio It stands at 1.02 with a “Maxpain” point of $42,000.
Meanwhile, for ethereum, data shows that around 268,000 options worth $610 million will expire soon. Furthermore, the current put-call ratio for eth stand at 0.66, with a “maxpain” point of $2,250. The post said:
December 15 Options data. 37,000 btc options are about to expire with a Put Call Ratio of 1.02, a Maxpain point of $42,000 and a notional value of $1.58 billion. 268,000 eth options will expire with a Put Call Ratio of 0.66, a Maxpain point of $2,250, and a notional value of $610 million.
In particular, the put-call ratio, simply put, contrasts the trading volume of put and call options. A ratio greater than 1 means a greater number of put (put) options than calls (call), implying a negative outlook among traders.
Additionally, the price at which the greatest number of options would expire worthless is known as the maximum pain point (Maxpain).
Greeks.live claimed that a drop in the market occurred this week, with btc dropping close to $40,000 at one point. As a result, many hedged their positions, leading to a higher proportion of Put positions than Calls this week. tMost trading is still concentrated in bitcoin options, even with the drop.
The platform also highlighted that the Implied volatility (IV) It's been pretty stable for about a month now. Additionally, major options moves are still occurring.
crypto Assets Set to See Substantial Inflow
Cryptocurrency analyst Ali recently revealed that billions of entries will go into bitcoin and ethereum. The analyst shared this crucial information with the crypto community in an X post on Thursday, December 14.
According to Ali, more than $19.7 billion is about to flow to the two major players in the cryptocurrency market. He further added that this capital inflow is comparable to what we observed in December 2020.
Post X was accompanied by a graphic showing a virtual explanation of a similar scenario. Ali further highlighted that after the scenario, the price of btc went from $18,000 to $65,000.
With billions of dollars flooding into the two major cryptocurrencies, the market could be poised for further gains.
Featured image from iStock, chart from Tradingview.com
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