Greeks.live data shows that Bitcoin and Ethereum options will expire on December 1st. The expiration of 29,000 BTC options for Bitcoin and a Put Call Ratio of 0.58 indicate the complex dynamics of the options market.
The maximum pain point for BTC, which is set at $37,000, highlights the importance of these options by providing information about market pressure and investor sentiment. The total nominal value of Bitcoin options reaching $1.13 billion points to increased volatility and financial risks in the cryptocurrency market.
Similarly, the Put Call Ratio for Ethereum options expiring on December 1st is 0.49, with a maximum pain point set at $2,100. This situation emphasizes the importance of closely monitoring the expiration of options with a total nominal value of $470 million for the Ethereum market due to increased volatility in ETH.
Examining the option data, it can be seen that this week’s main operations are centered around call options, and the low Put Call Ratio suggests that the maximum pain points are close to the strike price. As the momentum of the recent rally that revived the cryptocurrency market diminishes, the trend level in options decreases, indicating a potential negative trend in the short term, as excitement wanes over the approval of at least one Bitcoin spot ETF in the US.
Regarding the current price status of BTC and ETH, the price of BTC, the largest cryptocurrency, is trading at $37,734, showing a decrease of 1.21% in the last 24 hours. The price of ETH has also dropped by 1.21% in the last 24 hours, trading at $2,032.