Bitcoin and Ethereum Options Expiry Amid Market Surge
- Over $4 billion in Bitcoin (BTC) and Ethereum (ETH) options are set to expire on September 12.
- 28,000 BTC options with a notional value of $3.22 billion show a put-call ratio of 1.23, indicating bearish sentiment.
- 185,000 ETH options worth $0.82 billion have a put-call ratio of nearly 1, reflecting negative trader sentiment.
- Current BTC price is around $114,000, with highs and lows of $112,181 and $114,471 in the last day.
- ETH is trading at approximately $4,430 after a more than 2% increase in the last day.
The upcoming expiry of BTC and ETH options may influence market movements as traders react to current prices and sentiment indicators like the put-call ratios. The max pain prices for BTC and ETH are set at $112,000 and $4,400 respectively.
With significant options expiring soon, traders will be closely monitoring price levels around these max pain points for both Bitcoin and Ethereum.
