Today, more than $ 3 billion in Bitcoin and Ethereum options should expire. With $ 2.5 billion in BTC and nearly $ 500 million in ETH contracts that should settle, all eyes are on how these movements will have an impact on market prices. Expiration, fixed at 8:00 am UTC on drunkenness, could cause increased volatility on the cryptography market.
The “Put-Adppel ratio” of 0.67 shows that there are more put options (Paris that the price of bitcoin will decrease) than the appeal options (Paris that the price of bitcoin will increase). And the maximum point of pain, that is to say the price that will result in the most losses for holders is $ 89,000.
In addition, Ethereum will also have a large number of expired contracts, totaling $ 481.9 million. The “maximum pain point” for Ethereum is $ 2,300 and the Put-/ call ratio of 0.72. Bitcoin and Ethereum both have put-to-clear ratios less than 1, which means that there are more Paris traders on price increases (purchase calls) than on price reductions (put purchases).
School lowering on the market
The overall feeling in the cryptography market is negative (lowering). The recent Bitcoin price oscillations, such as $ 6,000 drops, have created a volatile market that traders find it difficult to sail, often undergoing loss in both directions.
Analysts of Greek. Note that traders focus on key price levels, with resistance from around $ 87,000 to $ 89,000 and a recent background around $ 82,000, although there is a disagreement on the question of whether the substance is durable. The pessimism of the market is obvious in the greatest number of purchase options for merchants for the protection of declines (PUT).
The market is currently volatile, traders focusing on fast entries and outputs due to the risk of sudden price changes. Factors such as trade policies and prices add uncertainty, which makes many prudent traders.
Bitcoin decreases after the announcement of the Trump reserve
After the expiration of Bitcoin options, prices can be set, but generally the markets are coming back to normal soon. This comes after President Trump’s recent decree on the Bitcoin reserve, although many details are not yet clear and should be discussed at the top of the White House cryptography.
Unlike expectations, Bitcoin fell 5% to $ 84,667 after the Bitcoin reserve of President Trump, triggering $ 261 million in liquidations on the term market.
Major to come
The Bitcoin price fell from a large vertex of cryptography, with long positions suffering the most. Liquidations reached $ 115.6 million and the BTC’s open interest fell 5%. If the downward trend continues, BTC could test the support at $ 85,357 and perhaps fall to $ 80,580. However, if the new request increases the price, BTC could rise above $ 90,000, potentially reaching $ 92,247.