Today, Bitcoin (BTC) 
$61,536 And Ethereum (ETH) 
$2,386 There will be a significant development in the market. Accordingly, 17,500 BTC options will expire with a total nominal value of 10.7 billion dollars. The maximum pain point of these options was determined as 63 thousand dollars. Additionally, 119 thousand ETH options will expire today. The maximum pain point of these options is 2 thousand 500 dollars. These developments in the cryptocurrency market are closely followed by investors.
Bitcoin and Ethereum Options Expire
Greeks.live Adam, from the research team, said in his statement on social media: BTC and drew attention to ETH option expirations. 17 thousand 500 BTC options Put/Call ratio He stated that while it was at the level of 0.75, its nominal value was 10.7 billion dollars. The maximum pain point of BTC options is at $63 thousand.
Likewise, 11.9 million units ETH The option also expires today and the maximum pain point determined for these options is 2 thousand 500 dollars. The Put/Call ratio of ETH options was announced as 0.68 and the total nominal value was stated as 2.8 billion dollars.
Cryptocurrency Market Underperforms
Although A-shares and China-based stocks attracted great attention in global markets this week, cryptocurrencys showed a relatively poor performance. Adam stated that despite the general upward trend of Hong Kong stocks, a decrease was observed in the shares of Blockchain companies. This is considered an indicator reflecting the current weakness of the cryptocurrency market.
Looking at data from previous years, the fourth quarter of the year is generally known for its positive price performance. Current underperforming market conditions may present a favorable basis for long-term investment opportunities. According to Adam, buying especially at low levels may be a suitable strategy for medium and long-term upward expectations.
Also, the market volatility index (IV) is at the average levels of the last year and it is predicted that these levels will be maintained until the end of the US presidential elections. Finally, Adam pointed out that the next two weeks are a suitable time period for those who want to invest in the fourth quarter of the year.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
