When Will Bitcoin (BTC) and Ethereum (ETH) Surge? Weekly Data Insights Highlight Potential Uptrends

  • As per Greeks.live, 18,000 Bitcoin and 280,000 Ethereum options are set to expire on May 10.
  • Bitcoin has once again risen above $63,000 amidst its recent volatile movements.
  • With the recent surge in Bitcoin, expectations for it to reach $100,000 have resurfaced, drawing attention to the Bitcoin and Ethereum options expiring today.

As Bitcoin surges past $63,000, 18,000 BTC and 280,000 ETH options are set to expire today, potentially impacting the crypto market.

Implications of the Put/Call Ratio 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 indicates more buying than selling, signaling an upward trend. Conversely, a ratio above 1 indicates more selling than buying, signaling a downward trend. A ratio close to 1 suggests a balanced or neutral market.

Current Put/Call Ratios for Bitcoin and Ethereum

Currently, the put/call ratio for Bitcoin stands at 0.64, while for Ethereum, it is 0.74. These ratios suggest an upward trend for Bitcoin and a balanced or sideways trend for Ethereum. However, these figures alone are not sufficient to predict a rise or fall in prices. The impact of these ratios on prices, in conjunction with other data and signals, will be revealed in due course. Investors are advised not to base their investment decisions on a single data point or report.

May 10 Options Data

18,000 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $62,000 and a notional value of $1.2 billion. 280,000 ETH options are about to expire with a Put Call Ratio of 0.74, Maxpain point of $3,050 and a notional value of $800 million.

Conclusion

As the crypto market continues to show volatility, the expiration of significant Bitcoin and Ethereum options today could potentially influence market movements. However, investors are urged to consider multiple data points and signals before making investment decisions.

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