While Bitcoin continues to exhibit volatile movements, all eyes are turned to Bitcoin and Ethereum weekly options that will expire today.
According to the news of Singapore-based crypto options data platform Greeks.live, 20,000 BTC and 200,000 ETH options will expire on June 14.
Accordingly, while the Put/Call Ratio of BTC options is 0.49, the maximum loss point is $68,500 and the notional value is $1.35 billion.
Looking at Ethereum, ETH options have a Put/Call Ratio of 0.36, a maximum loss point of $3,600, and a notional value of $710 million.
Greeks stated that Bitcoin and altcoins performed poorly despite positive economic data. lived said:
“This week has been a big macro week. The US stock market rose significantly as economic data became more positive for the market, but the cryptocurrency market underperformed. Mainstream cryptocurrencies Bitcoin and Ethereum fell overall, with altcoins falling even further.
“There will be news on ETH ETF approval by the end of this month, so it's a good time to plan ahead for next month's buying options.”
The maximum loss point for Bitcoin and Ethereum is above current price levels, indicating potential bullish sentiment among options traders.
Apart from the maximum loss point, pull/call ratios also reveal a bullish trend for BTC and ETH.
What Does the Put/Call Ratio Indicate for Bitcoin and Ethereum?
The put/call ratio is calculated by dividing the number of put options by the number of call options. A ratio below 1 means there are more purchases than puts, indicating an upward trend.
A ratio above 1 means there are more put options than call options, indicating a bearish trend. A ratio close to 1 means the market is balanced or neutral.
For Bitcoin, this rate is 0.49; For Ethereum it appears as 0.36. Accordingly, these rates indicate an upward trend for BTC and ETH. However, time will tell how these rates will affect the price. At this point, do not make your investment decisions based on a single data or report.
14 June options delivery data
20,000 BTC options expired with a Put Call Ratio of 0.49, a maximum pain point of $68,500 and a notional value of $1.35 billion.
200,000 ETH options expired with a Put Call Ratio of 0.36, a max pain of $3,600 and a notional value of $710 million.… pic.twitter.com/42ruZLLtqc— Greeks.live (@GreeksLive) June 14, 2024
*This is not investment advice.
