While the leading cryptocurrency Bitcoin (BTC) rose above $ 106,000 following the FED decision, the expiration date for option contracts in the crypto market came today, as every Friday. These options are even more important because they fall on the last Friday of both the week and the month. According to the news of Singapore-based crypto options data platform Greeks.live, 80,000 Bitcoin and 603,000 Ethereum options will expire on January 31 on the Deribit derivatives exchange. Accordingly, the Put/Call Ratio of BTC options is 0.68, the maximum loss point is $98,000 and the notional value is $8.38 billion. When we look at Ethereum, ETH options have a Put/Call Ratio of 0.43, a maximum loss point of $3,430, and a notional value of $1.96 million. Analysts said the market has been slow this week, largely because it is trying to digest the impact of the 3-month-old Trump trade. “Trump’s inauguration did not bring the expected large amount of capital to the crypto community, causing cryptocurrencies to weaken due to the launch of new memccoins and slow policy announcements. But in the long term, there seems to be a lot of positive things to look forward to for Bitcoin and altcoins to rise.” The “maximum loss” price is the level at which option buyers suffer the greatest losses and market makers see the greatest profits. Historically, prices tend to drift toward the maximum pain level as expiration approaches, making $98,000 a critical level to watch. 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 0.68, indicating that the upward trend is still ongoing. For Ethereum, it is 0.43, indicating an upward trend. Accordingly, these rates indicate an upward trend for BTC and ETH. However, time will tell how these rates will affect the price. At this point, do not make your investment decisions based on a single data or report. https://twitter.com/GreeksLive/status/1885248799893053866 *This is not investment advice. Continue Reading: Attention: There is a $10.3 Billion Options Earthquake in Bitcoin and Ethereum Today! Here are the Critical Levels to Watch!