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- Approximately 30,500 Bitcoin
option contracts are expiring soon.
- Their nominal values are almost below 1 billion dollars.
- The put/call ratio indicates a neutral outlook.
Large amounts of Ethereum and Bitcoin option contracts are expiring, but will the markets react this time?
What Do Option Contracts Mean?
Derivatives traders have recently preferred Ethereum options to Bitcoin options. Therefore, approximately 260,500 ETH option contracts are expiring.
The number of expiring Bitcoin options is limited to only 30,500 contracts. Additionally, when options and futures contracts expire, market volatility usually occurs. Crypto markets have been rising lately and there may be a correction.
Bitcoin options are derivative contracts that allow traders to speculate on the price of BTC. They allow speculators to buy or sell Bitcoin at a certain expiration date at a specific price, known as the strike price. They are also more flexible than futures contracts with fixed expiration dates.
Bitcoin Option Data!
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The put/call ratio in Bitcoin options is 0.99. Additionally, the maximum loss level is $29,000 and the nominal value is $0.93 billion.
The put/call ratio is calculated by dividing the number of short put contracts traded by the number of long call contracts. A value less than 1 means that bulls have bought more long contracts than bears. The current ratio is quite balanced between bulls and bears.
The maximum loss level represents the strike price with the most open contracts. It is also the price at which the asset will cause the most financial losses to the most contract holders at expiration.
The put/call ratio for Ethereum (ETH) options is 0.83 and the maximum loss level price is $1,850 with a nominal value of $5.5 billion. This indicates a slightly more bullish outlook for Ethereum derivatives traders.
Ethereum rose after a successful Shapella upgrade on April 12. At the time of writing, ETH had risen 4% to $2,107.
Current Crypto Market Data!
The crypto market capitalization is at its highest level since May 2022. The total market value has reached $1.33 trillion. The Bitcoin price surpassed $31,000 in the early hours of the day, reaching its highest level in 10 months.
— CO NEWS (@coinotag) April 14, 2023
Neutral option ratios indicate that there will not be a significant impact on markets when contracts expire. However, the eleven-month market high may be ready for a correction soon.
COINOTAG is committed to unbiased, transparent reporting in accordance with the Trust Project guidelines. This news article aims to provide accurate, timely information. However, readers are advised to independently verify the facts and consult with a professional before making any decisions based on this content.