Crypto NewsAnalysisWeekly Options Data Announced! While Ethereum Now Gives Signals, What Does the...

Weekly Options Data Announced! While Ethereum Now Gives Signals, What Does the Data Point to in Bitcoin?

According to Greeks.live, 18,000 BTC and 320,000 ETH options will expire on May 17.

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Bitcoin rose above $66,000 after the US data this week.

While the rise in BTC and altcoins is expected to continue, all eyes are on Bitcoin and Ethereum options that will expire today.

According to the news of Singapore-based crypto options data platform Greeks.live, 18,000 BTC and 320,000 ETH options will expire on May 17.

Accordingly, while the Put/Call Ratio of BTC options is 0.63, the maximum loss point is $63,000 and the notional value is $1.2 billion.

Looking at Ethereum, ETH options have a Put/Call Ratio of 0.28, a maximum loss point of $3,000, and a notional value of $930 million.

The Maximum Loss Point often acts as a magnet for the market price as option sellers try to push the price towards this point to minimize their payout.

Looking at BTC, the market price of BTC remains above the maximum loss point, which may be a sign that the pressure on the BTC price will continue and there will be a correction.

Stating that BTC ETFs experienced a significant amount of inflow due to the meme wave in the USA this week, Greeks.live said that BTC rose above $ 65,000 due to the impact of these events.

Greeks.live also said that while long and short positions in BTC are more balanced, the weakness of the ETH price has caused market confidence to weaken and sell calls to be abundant.

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 0.63; For Ethereum it appears as 0.28. 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.

*This is not investment advice.



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