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Uncertainty in Bitcoin and Ethereum: Here are the Critical Levels of 2.9 Billion Data! - Coin Bulletin
In the cryptocurrency market, the expiration of 26,000 Bitcoin (BTC) and 215,000 Ethereum (ETH) options today increased volatility, while Donald Trump's statements directed the market.
The cryptocurrency market has been struggling with high volatility in recent days. While significant expiration dates occur in the options market, investors have been cautious due to the uncertainty in the market. In particular, the impact of former U.S. President Donald Trump on cryptocurrencies has been one of the important factors determining price movements.
Bitcoin and Ethereum options data
According to Greekslive data, today the Put Call Ratio of 26,000 BTC options expiring is 0.72, with a Maxpain point of $89,000 and a total market value of $2.36 billion. On the Ethereum side, the selling/buying ratio of 215,000 options is 0.73, with a Maxpain point of $2,300 and a market value of $490 million.
Maxpain, in the options market, represents the price level at which buyers incur the most losses. These levels can be manipulated by major players to ensure that the market closes at the most unfavorable point for options buyers.
There have been significant fluctuations in the crypto market throughout the week. In particular, BTC's short-term volatility remained at 90%, while ETH's volatility exceeded 110%. Investors are becoming increasingly concerned about the short-term direction of the market.
In the options market, market makers, known as market makers, have reduced selling pressure in recent days, allowing implied volatility (IV) levels to rise. This was interpreted as a sign of aversion to risk. The uncertainty in the crypto market has increased the need for market makers to protect their profit margins. In contrast, buyers have made significant gains over the past two weeks.
Analysts indicate that the volatility in the market may continue in the coming days. It is emphasized that investors should be cautious during this period and prioritize risk management.