The leading cryptocurrency Bitcoin (BTC) has raced from highs to record highs over the past two days. At this point, BTC had surged above $118,000, but Ethereum (ETH) and Altcoins also had great benefits.
As the market’s bullish mood continues, Crypto Market options agreements are expiring today, just like every Friday.
Data from the second week of July shows that $4.3 billion worth of Bitcoin (BTC) and $70 million worth of Ethereum (ETH) options will expire on July 11th with a derivative derivative exchange.
Therefore, the put-to-call ratio for the BTC option is 1.05, the maximum loss point is $108,000, and the expected value is $4.3 billion.
Looking at Ethereum, the ETH option’s Put/Call ratio is 1.11, the maximum loss point is $2,600, and the estimated value is $710 million.
The biggest problem is that when an option approaches its expiration date, the cryptocurrency price will settle at a certain value, resulting in a large loss in the maximum number of option traders.
At this point, we saw significant volatility at Bitcoin prices following the expiration date of the $4.3 billion option on July 11th. The biggest problem is $108,000 for BTC and $2,600 for Ethereum, but investors can push prices to this level through market manipulation.
Analysts at Greeks.Live said that in a short period of time, the rise in Bitcoin and Ethereum refers to the major bull market.
Analysts said that with such a large, short-term gathering, the options market is still far from FOMO, and institutional investors are hesitant to buy and consider the reality of the rally.
“The smell of a major bull market is that Bitcoin reaches an all-time high and Ethereum temporarily returns to its key $3,000 mark is a rare improvement in market sentiment.
Despite this rally, the options market is far from FOMO, and institutional investors are very hesitant.
*This is not investment advice.
