As of December 6, nearly $3 billion worth of Bitcoin and Ethereum options will expire, which could increase volatility in the cryptocurrencies.
Expirations of crypto options often lead to increased market activity, causing investors and traders to proceed with caution. 23,481, according to Derebat’s figures BitcoinThe contract will expire today. BitcoinThe put (sell) to call (buy) ratio is 1.11. The maximum pain level is $97,000, which is the price at which the cryptocurrency hurts investors the most.
Crypto Analysts Comments
Based on this, Greeks.live analysts assessed the current state of the crypto market on X (formerly Twitter) as follows:
“Funding rates for highly leveraged contracts are increasing. This development strengthens the possibility of a market correction. “Bitcoin option investors are starting to hedge against potential downside and interest in put options is increasing. is.”
Bitcoin’s put-to-call ratio is still above 1, indicating that the market could move significantly lower. Ethereum has a put-to-call ratio of 0.63, indicating an overall positive outlook for ETH.
According to Greeks.live analysts, data from the options market suggests that market makers are taking a cautious stance. Short-term volatility increased due to a correction after BTC crossed the $100,000 level. With the price currently hovering around $100,000, BTC will strengthen the hands of buyers as long as it remains above this level. In an opposite scenario, the decline could be profound.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
