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BitcoinSistemi 2024-11-29 08:56:08

There's an $11 Billion Options Quake in Bitcoin and Ethereum Today! What Does It Signal for BTC and ETH Prices?

The leading cryptocurrency Bitcoin (BTC) is trading within a certain range after its correction. While investors eagerly await the $100,000, the expiration date for option contracts in the crypto market has arrived today, as it does every Friday. These options are of greater importance because they fall on the last Friday of November. As investors wonder if there will be a big move to $100,000 after the decline. So how will the last options of November affect the cryptocurrency market? According to the news of Singapore-based crypto options data platform Greeks.live, 98,000 Bitcoin and 412,000 Ethereum options will expire on November 29 on the Deribit derivatives exchange. Accordingly, the Put/Call Ratio of BTC options is 0.84, the maximum loss point is $80,000 and the notional value is $9.48 billion. When we look at Ethereum, ETH options have a Put/Call Ratio of 0.75, a maximum loss point of $2,900, and a notional value of $1.47 billion. Considering the current put-call ratios, call options are more common than put options, creating an optimistic atmosphere in the market. Considering this, analysts predict that volatility may increase after the November BTC and ETH option expiration due to the low trading volumes usually seen in the market, especially during weekends. Greeks.live analysts shared investors' expectations, stating that Bitcoin was prevented from exceeding $ 100,000 this week and that Etheruem led the market. “We have had an 11% pullback in BTC and investors are now saying the end is near. The same people were asking for a pullback to buy less than 10 days ago, and we experienced it.” While volatility is expected to increase after the monthly expiration in Bitcoin, according to Coinglass data, if the price of Bitcoin falls below $94,000, $1.05 billion worth of long positions will be liquidated. In contrast, if Bitcoin rises above $97,000, $811 million worth of BTC short positions on CEXs will be liquidated. Related News: Bitcoin (BTC) Investors on the Lookout: These Two Levels Are Critical! There is a Risk of $1.8 Billion! What Does the Put/Call Ratio Signal for Bitcoin and Ethereum? The put/call ratio is calculated by dividing the number of put options by the number of call options. A ratio below 1 means there are more buys than puts, indicating an uptrend. A ratio above 1 means there are more puts than calls, indicating a downtrend. A ratio close to 1 means the market is balanced or neutral. For Bitcoin, this ratio is 0.84; for Ethereum, it is 0.75. Accordingly, these ratios indicate an upward trend for BTC and ETH. However, time will tell how these ratios will affect the price. At this point, do not make your investment decisions based on a single data or report. *This is not investment advice. Continue Reading: There's an $11 Billion Options Quake in Bitcoin and Ethereum Today! What Does It Signal for BTC and ETH Prices?

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