The Fed is almost certain to cut interest rates after the release of US economic data this week. At this point, the price of a 25 basis point cut is 92.7%, and the price of a 50 basis point cut is 7.3%.
Bitcoin, Ethereum and altcoin only have a few days left until the Fed’s interest rate decisions, but as every Friday, Crypto Market options agreements are expiring today.
Data from the second week of September shows that on September 12th, $3.4 billion worth of Bitcoin and $850 million worth of Ethereum options will expire on the derivatives derivatives exchange.
Therefore, the Put/Call ratio for the BTC option is 1.31, the maximum loss point is $113,000, and the expected value is $3.42 billion.
Looking at Ethereum, the ETH option’s Put/Call ratio is 1.02, maximum loss points of $4,400, and the estimated value is $850 million.
Looking at the put/call ratio, we can see that it is 1.31 for Bitcoin and 1.02 for ETH. These ratios indicate that sales orders outweigh both BTC and ETH buy orders, indicating that options traders are bearish and position themselves against potential declines.
At this point, experts say that less than $125 million in Open Put Put interest on DeRibit is over $114,000. At this point, if Bitcoin could exceed $113,000 at the expiration of Friday, a call contract of over $300 million will be active. This gives Cole buyers a $175 million advantage and provides the fuel they need to continue the upward trend.
Bitcoin continues to trade for $115,200, while Ethereum is at $4,530.
*This is not investment advice.
