In August, Bitcoin (BTC) and then Ethereum (ETH) experienced significant gains, reaching new ATHs. However, as macroeconomic data and increasing uncertainty slowed, upward momentum slowed, and BTC and ETH entered a consolidation phase following their 0 the bullish mood in the market is expected to continue again in September, the expiration date for option contracts in the crypto market has come today, as it does every 1 options are more important because they fall on the last Friday of both the week and the 2 to data for the fourth week of August, $11.7 billion worth of Bitcoin and $3.2 billion worth of Ethereum options will expire on August 29 on the Deribit derivatives exchange.
Accordingly, the Put/Call Ratio of BTC options is 0.79, the maximum loss point is $116,000 and the notional value is $11.7 3 we look at Ethereum, ETH options have a Put/Call Ratio of 0.76, a maximum loss point of $3,800, and a notional value of $3.2 4 at the put/call ratio, we see that it's 0.79 for Bitcoin and 0.76 for 5 ratios indicate a cautious but optimistic outlook in the market, with more buy orders than sell orders and a bullish outlook among options 6 maximum pain point is the level at which the cryptocurrency price settles at a certain value as an option approaches its expiration date, resulting in significant losses for the largest number of option 7 this point, with $11.7 billion and $3.2 billion worth of BTC and ETH options expiring on August 29th, volatility is expected and both Bitcoin and Ethereum prices are likely to retreat towards their respective maximum pain 8 of writing, Bitcoin and Ethereum are trading at $111,000 and $4,450 respectively, with options data pointing to an imminent correction for ETH and a possible upside for BTC. *This is not investment 9 Reading: August's Critical Data Released!
Bitcoin and Ethereum Expect a $15 Billion Options Earthquake! What to Expect for BTC and ETH?
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