Ethereum

bullish

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin options show bullish sentiment, with an increase in whales hinting at potential gains.</li>
 <li>Ethereum options reflect investor indecision as prices stay near lows, contrasting Bitcoin’s momentum.</li>
</ul>
<h2 id="bitcoin-and-ethereum-options-expiration">Bitcoin and Ethereum Options Expiration</h2>
<p>The crypto options expiration on the 25th of October showed contrasting investor behaviors for Bitcoin and Ethereum.</p>
<p>A total of 63,000 Bitcoin options contracts expired on this date, indicating a generally bullish sentiment among traders with a Put-Call Ratio of 0.66. This ratio suggests that traders are leaning towards upward price movements.</p>
<h2 id="bitcoin-s-market-activity-and-whale-increase">Bitcoin’s Market Activity and Whale Increase</h2>
<p>The total notional value of expired Bitcoin options was $4.26 billion, marking significant market activity. Bitcoin traded around $67,000 at the time of expiration, remaining close to its all-time high of $70,000.</p>
<p>Recent data shows an increase in Bitcoin whales over the past two weeks, with 297 new wallets holding at least 100 Bitcoin added. This increase often aligns with upward price momentum, suggesting potential further gains for Bitcoin.</p>
<h2 id="ethereum-s-options-expiration-and-market-behavior">Ethereum’s Options Expiration and Market Behavior</h2>
<p>On the same date, 403,426 Ethereum options contracts expired, reflecting a balanced sentiment between bullish and bearish positions with a Put-Call Ratio of 0.97. The notional value of expired Ethereum options reached $1.02 billion, emphasizing Ethereum’s significant market presence.</p>
<p>At the time, Ethereum traded at $2,468, near its Max Pain point, suggesting limited price movement. This behavior contrasts with Bitcoin’s stronger price dynamics, indicating investor indecision for Ethereum.</p>

Nearing All-Time High: Bitcoin and Ethereum Options Lapse under Varied Reactions

Table of Contents

CoinEagle.com

Other articles published on Oct 26, 2024

Binance Boosts MOODENG: 125% Price Spike After 75x Leverage Contract Release

Pump.fun Attacker Now Trying to Dismiss His Guilty Plea Over $2M Hack

Tesla Drives Upside Swing for the S&P 500

Polymarket Gains Popularity as U.S. Election Nears, Founder Denies Political Intent

BlackRock Can't Stop Buying Bitcoin, $292 Million in One Sweep

World Liberty Fi Website Crashes Amid $6.5M Raise

Join our free newsletter for daily crypto updates!