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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin (BTC) Price Plunge: Latest Analysis and Insights on the Downtrend

Bitcoin's recent decline is being analyzed through...

Shiba Inu (SHIB) Overtakes Cardano (ADA) to Secure Top 10 Spot in Crypto Market Rankings

Shiba Inu (SHIB) has recently surpassed Cardano (ADA) to...

Bank Nifty (₹48786.7) Opens Strong: Live Share Price Updates and Market Insights

Bank Nifty Share Price Live Updates: Bank...

Ethereum (ETH) Set to Surpass Bitcoin (BTC) with Potential Surge to $15K, Analyst Predicts

Michael Nadeau, a prominent crypto analyst, recently provided an...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Bitcoin (BTC) Price Plunge: Latest Analysis and Insights on the Downtrend

Bitcoin's recent decline is being analyzed through...

Bitcoin (BTC) Analysis: Crucial Data Indicates Strong Reasons to Hold Your Investment

Bitcoin traders might not want to sell right now,...

Dogecoin (DOGE) Technical Analysis for May 28, 2024: Key Insights and Future Predictions

Dogecoin's recent price movements have captured the...

Massive GCR Hack: Meme Coin Plunge by 80% – GCR Price Analysis and Impact

The cryptocurrency market has been abuzz with...
Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
spot_imgspot_imgspot_imgspot_img

Judge Condemns SEC’s ‘Gross Abuse of Power’ in Debt Box (DBOX) Case: Major Win for Crypto Community

The recent ruling in the Debt Box case has significant implications for the SEC's approach to crypto regulation. Judge Shelby's decision...

Bitcoin (BTC) Price Plunge: Latest Analysis and Insights on the Downtrend

Bitcoin's recent decline is being analyzed through fundamental factors, technical analysis, and expert commentary. Market sentiment and institutional actions play a...

Shiba Inu (SHIB) Overtakes Cardano (ADA) to Secure Top 10 Spot in Crypto Market Rankings

Shiba Inu (SHIB) has recently surpassed Cardano (ADA) to enter the top 10 in the cryptocurrency market. This development marks a significant milestone for SHIB,...