Cryptocurrency analysis company GreeksLive has shared remarkable data regarding large-scale option contracts set to expire in the Bitcoin (BTC) and Ethereum (ETH) markets today.
A total of 31,000 BTC options are expiring. The Put/Call ratio of these options is at 0.71, meaning there are fewer put options than call options. The “maximum loss” point for BTC is $105,000, which represents the price range where option investors face the most losses. The total theoretical value of these BTC options expiring is calculated as $3.18 billion.
At the same time, 241,000 ETH options are expiring. On the Ethereum side, the Put/Call ratio is 0.63, and the maximum loss point is $2,575. The total value of ETH options is $590 million.
GreeksLive made the following assessment of the general situation in the market:
“The market has been volatile for most of the week. The sharp decline in Tesla shares last night led to a significant pullback in the cryptocurrency market along with U.S. stocks. This came after the tension between Trump and Elon Musk became public.”
The company also noted that options delivered this week accounted for around 10% of total positions, a recovery from the decline in recent weeks. Block purchases also increased, with trading activity rising across the market.
Finally, GreeksLive argued that institutional investors do not expect a sudden rise for major cryptocurrencies in the near term, but instead a more moderate and long-term bullish scenario comes to the fore.
*This is not investment advice.