Bitcoin and Ethereum’s Billion Dollar Countdown! What Does It Mean for BTC and ETH Prices?

Yesterday’s positive news US CPI After the data, it rose above $59,000 Bitcoin It then fell back to $57,000 levels.

Bitcoin is trying to find its way in the face of German government sales, Mt. Gox uncertainty and macroeconomic events, and all eyes are on its expiration date today. Bitcoin (BTC) Ethereum (ETH) focused on options.

According to data from Singapore-based crypto options data platform Greeks.live On July 12, 24,000 BTC and 157,000 ETH options will expire.

According to this, BTC While the Put/Call Ratio of the options is 1.08, the maximum loss point is $58,500 and the notional value is $1.4 billion.

When we look at Ethereum ETH The options have a Put/Call Ratio of 0.37, a maximum loss point of $3,100 and a notional value of $490 million.

“Cryptocurrency markets have staged a modest recovery this week, with all major period IVs falling sharply to new lows since March.

The market atmosphere is not very optimistic due to the constant delay of ETH ETF news and the widespread belief that even if ETFs come to the market as expected, they will not bring in money quickly, and the weakness of US stocks today.

The entire risk asset market is expecting a September rate cut to come to the rescue.”

The fact that the maximum loss point in Bitcoin and Ethereum is above the current price levels indicates a potential bullish trend among option investors, that is, investors’ bullish expectations.

There is a difference in pull/call rates except for the maximum loss point. This rate shows a downward trend for BTC and an upward trend for ETH.

What Does the Put/Call Ratio Signal 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 means there are more buys than puts, indicating an uptrend.

A ratio above 1 means that there are more put options than calls, indicating a downtrend. A ratio close to 1 means that the market is balanced or neutral.

Bitcoin For this ratio is 1.08; Ethereum for 0.37. Accordingly, a ratio of 1.08 indicates a downward trend for BTC; a ratio of 0.37 indicates an upward trend for ETH. However, time will tell how these ratios will affect the price. At this point, do not make your investment decisions based on a single data or report.

July 12 Options Data
24,000 BTC options are about to expire with a Put Call Ratio of 1.08, a Maxpain point of $58,500 and a notional value of $1.4 billion.
157,000 ETH options are due to expire with a Put Call Ratio of 0.37, a Maxpain point of $3,100 and a notional value of $490… pic.twitter.com/rLvHLTPkrj

— Greeks.live (@GreeksLive) July 12, 2024

*This is not investment advice.