Bittime - Ahead of Bitcoin and Ethereum options expiring, crypto financial analysts from Greeks.live summarize the delivery options data for both crypto assets. Approximately, which is more stable between Bitcoin options and Ethereum options? Read the article below to the end to find out!
Bitcoin Options: Put Call Ratio Balanced
A total of 18,000 Bitcoin options will soon expire. The Put Call Ratio for Bitcoin options was recorded at 0.63, indicating the relative balance between market participants betting on price declines (puts) and price increases (calls).
The maximum pain point for Bitcoin options is at $63,000. This price is likely to cause the biggest losses for options players. The total nominal value of expiring Bitcoin options reaches $1.2 billion.
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Ethereum Option: Seller Domination
A total of 320,000 Ethereum options will expire soon. The Put Call Ratio for Ethereum options was recorded much lower at 0.28.
This figure indicates the dominance of market players who bet on a price decrease (put) compared to those who bet on a price increase (call). This reflects higher uncertainty in the Ethereum market.
The maximum pain point for Ethereum options is at $3,000. The total nominal value of expiring Ethereum options reached $930 million.
Impact of Meme Coin Trend on BTC and ETH Options
Bitcoin and Ethereum options data highlights the differences in the movements of the two crypto assets. The surge in BTC prices beyond $65,000 is thought to have been triggered by the meme coin trend that is currently emerging on the United States stock market.
The influx of significant capital flows into financial instruments based on meme coins also pushed up BTC prices.
On the other hand, the crypto market outside the meme coin trend tends to weaken. Overall crypto trading volume continues to decline, reflected in the differences in Bitcoin and Ethereum options data.
Also Read How to Buy Crypto:
BTC Long-Short Balance vs ETH Sellers Dominance
Long (buy) and short (sell) positions for Bitcoin options are observed to be relatively balanced. Meanwhile, the weakening ETH price continues to erode market confidence, encouraging selling and opening call (buy) positions as the dominant strategy.
With this price ratio, buying Bitcoin options at the right time may be a more strategic choice. Market players are also advised to pay close attention to transactions in the ETH/BTC pairing.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What Does Call Options Mean When Trading?
How to Trade Bitcoin Options, Here are the Tips!
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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