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8 Billion Dollar Options Earthquake in Bitcoin and Ethereum! What Does It Indicate for BTC and ETH Prices?
The leading cryptocurrency Bitcoin (BTC) and altcoins have been experiencing a quick rebound recently.
As the levels of 100 thousand dollars are being discussed again in BTC, today, as every Friday, the expiration date for options contracts in the crypto market has arrived.
These options are more significant as they coincide with both the weekly and the last Friday of the month.
According to the news from the Singapore-based crypto options data platform Greeks.live, on April 25th, 78 thousand Bitcoin and 461 thousand Ethereum options will expire on the Deribit derivatives exchange.
Accordingly, the Put/Call ratio of BTC options is 0.75, while the maximum loss point is 86,000 dollars and the conceptual value is 7.18 billion dollars.
Looking at Ethereum, ETH options have a Put/Call Ratio of 0.82, a maximum loss point of 1,900 dollars, and a conceptual value of 820 million dollars.
Bitcoin and Ethereum Rebounded!
Bitcoin and Ethereum rebounded strongly this week. According to analysts at Greeks.live, U.S. President Donald Trump's display of weakness in trade and tariff wars gave the market a lot of confidence, leading to a quick rebound. However, uncertainty in the market will continue for a long time.
While options account for a quarter of total positions, the share of puts was higher this month, reflecting the market's concerns about a decline.
However, the recent rise and recovery in the market significantly increased the share of the call options (buy) that will expire in June, and investors began to become more optimistic about the future of Bitcoin and cryptocurrencies.
What Does the Put/Call Ratio Indicate 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 indicates that there are more purchases than sales, which suggests a bullish trend. A ratio above 1 means that there are more put options than call options, indicating a bearish trend. A ratio close to 1 implies that the market is balanced or neutral.
The rate for Bitcoin is 0.75, while for Ethereum it stands at 0.82. Although these rates are numerically below 1 and indicate an upward trend, being closer to 1 suggests that the market will move in a balanced manner. However, time will reveal how these rates will affect prices. At this point, do not make investment decisions based on a single data point or report.