Today, around $ 2.04 billion in Bitcoin (BTC) and Ethereum (ETH) options should expire, creating significant anticipation on the cryptography market.
The expiration of crypto options often leads to a significant price volatility. Consequently, traders and investors closely monitor the developments of today’s expiration.
Expiration of options: $ 2.04 billion BTC and ETH contracts expire
Bitcoin options expired today have a notional value of $ 1.62 billion. These 16,561 expired contracts have a Put-T-Call ratio of 0.76 and a maximum point of pain of $ 98,000.
On the other hand, Ethereum has 153,608 contracts with a notional value of $ 421.97 million. These expired contracts have a ratio of 0.48 and a maximum pain point of $ 2,700.
At the time of writing the editorial staff, Bitcoin is negotiated at $ 98,215, an increase of 1.12% since the opening of the session on Friday. Ethereum is negotiated at $ 2,746, marking a drop of 0.20%. In the context of the trading of options, the Put-to-Call ratio less than 1 for BTC and ETH suggests a prevalence of purchase options (calls) on sales options (PUT).
However, according to the maximum pain theory, the prices of bitcoin and etherum could gravitate towards their respective exercise prices as the expiration time approaches. This would cause most options to expire without value and thus inflict “maximum pain”. This means that the prices of the BTC and the ETH could record a minor correction such as options close to the expiration at 8:00 am UTC on Deribit.
He explains why Greeks. Live analysts noted a prudently lowering feeling on the market, with a low frustrating volatility of traders. They suggest a continuous concern for merchants and investors, especially around Bitcoin, traders closely monitoring key prices.
“The group’s feeling is cautiously lower with frustrating traders with low volatility. Participants are looking at a level of $ 96,500 with skepticism about the upward dynamics, while discussing the possibilities of volatility grouping with low levels of around 40%, “analysts wrote.
Elsewhere, deribe warns that if low volatility feels safe, this feeling of security is only momentary, because the markets tend not to wait long.
Bitcoin Prix Perspectives: Key levels and market prospects
Bitcoin is negotiated about $ 98,243, oscillating above a critical request zone between $ 93,700 and $ 91,000. This area previously acted as strong support, indicating that buyers can intervene to defend these levels.
On the other hand, a key supply area is positioned at around $ 103,991, where the sales pressure has always been significant. BTC had a hard time exceeding this level, making it a major resistance to watch.
From the point of view of the action of prices, BTC has formed ups and lower stockings, suggesting a short -term downward trend. However, the recent price movement refers to a possible overthrow, because BTC tries to bounce back on its request zone.
The volume profile also shows a large negotiation activity nearly $ 103,991, strengthening the level of resistance. Meanwhile, an area of low notable volume almost $ 91,000 suggests that if BTC breaks below this level, a clear drop could follow due to the lack of strong support.
Meanwhile, the relative resistance index (RSI) is currently at 50.84, indicating neutral momentum. Although the BTC is not exaggerated or outdated, the slight upward trend of the RSI could point out an increasing purchase interest.
If Bitcoin is above the $ 93,700 support area, he could try a push towards the milestone of $ 100,000. However, ventilation less than $ 91,000 could trigger a lower movement, potentially testing the range from $ 88,000 to $ 85,000.
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