Crypto Price Prediction: The cryptocurrency market has witnessed high volatility this week following the lead of Bitcoin price wavering around the $70000 psychological level. The BTC daily chart shows several neutral candles with higher wicks indicating no clear dominance of buyers and sellers.
Furthermore, the Deribit Exchange reported a record-breaking quarterly options expiry in the crypto market, with over $15 billion notional value across 135,000 Bitcoin options and 1.58 million Ethereum options.
Bitcoin options closed with a Put Call Ratio of 0.85 and a Maxpain point of $51,000, while Ethereum options ended with a ratio of 0.63 and a Maxpain point of $2,600, accounting for a notional value of $5.6 billion. This event signifies a significant liquidity injection and may surge volatility in the crypto market.
Big Expiry Coming Up!
Tomorrow approximately $15.16 billion in #crypto #options are set to expire
BTC Options Notional Value: $9.53 billionPut/Call Ratio: 0.84Max Pain Point
We współpracy z: https://coingape.com/markets/crypto-price-prediction-volatility-peaks-quarterly-options-expiry/
