🎢 Market Volatility Ahead of $2.1 Billion BTC and ETH Options Expiry 🚀
Today, $2.1 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are expiring, and this could shake up 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 spice to the mix!
📊 Insights from Greeks.live:
All major term implied volatilities (IVs) have surged.
Recent market events justified buying options, causing prices to jump.
📰 Recent CPI Data:
Showed slower US inflation growth.
Bitcoin’s price jumped from $62K to $66K.
⚠️ Key Takeaway:
Options expirations can cause big but short-lived price swings.
Evaluate 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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