🎢 Market Volatility Expected with $2.1 Billion BTC and ETH Options Expiry 🚀
Today, $2.1 billion in Bitcoin (BTC) and Ethereum (ETH) options are expiring, which could significantly impact the crypto market! 📉📈 Here's what you need to know:
**Bitcoin Options:**
- 18,183 contracts
- Value: ~$1.18 billion
- Put-to-Call Ratio: 0.62 (more calls than puts)
- Max Pain Point: $63,000
**Ethereum Options:**
- 321,925 contracts
- Value: ~$940 million
- Put-to-Call Ratio: 0.27 (more calls than puts)
- Max Pain Point: $3,000
💥 This event coincides with the release of US core CPI data, adding extra volatility!
📊 **Insights from Greeks.live:**
- All major term implied volatilities (IVs) have surged.
- Recent market events have justified buying options, causing prices to rise.
📰 **Recent CPI Data:**
- Showed slower US inflation growth.
- Bitcoin’s price increased from $62K to $66K.
⚠️ **Key Takeaway:**
Options expirations can lead to significant but short-lived price swings. Assess market sentiment and technical indicators before trading.
Stay tuned for more crypto insights! 👍
*Disclaimer: This post is for informational purposes only. Always do your own research before making any investment decisions.*
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