A Tense Wait of 17 Billion Dollars in Bitcoin and Ethereum! How Will It Affect BTC and ETH Prices? Here’s Everything You Need to Know...

The leading cryptocurrency Bitcoin (BTC) rose from the 100 thousand dollar levels to over 108 thousand dollars at the beginning of the week with the news of a ceasefire between Israel and Iran.

While the BTC that cannot hold here continues to move sideways at the level of 107 thousand dollars, today, as every Friday, the expiration date for option contracts in the crypto market has arrived.

These options are more important because they correspond to both weekly and the last Friday of the month.

According to the data, on June 27, Deribit derivatives exchange, options worth 15 billion dollars of Bitcoin (BTC) and options worth 2.29 billion dollars of Ethereum (ETH) will expire.

According to this, the Put/Call ratio of BTC options is 0.75, with a maximum loss point of 102,000 dollars and a conceptual value of 15 billion dollars.

When we look at Ethereum, ETH options have a 0.52 Put/Call Ratio, a maximum loss point of 2,200 dollars, and a conceptual value of 2.29 billion dollars.

The maximum pain point is the level at which the cryptocurrency price settles at a certain value as it approaches the expiration date of an option, causing significant losses for the maximum number of option investors.

At this point, the expiration of the 15 billion dollar options on June 27 may see significant volatility in the price of Bitcoin. The maximum pain point is at 102,000 dollars for BTC and 2,200 dollars for Ethereum, while investors may push prices to these levels through market manipulation. Indeed, market prices are above the maximum pain point.

This means that a large portion of investors are in profit. This can also lead some investors to realize their profits and increase volatility in prices.

Deribit Head of Asia Business Development Lin Chen, evaluating option data on Bitcoin, stated that the ratio of bearish (put) and bullish (call) options has started to increase and has risen to 0.75.

So this means that, although the number of call options is greater, the number of put options has also started to increase in recent days.

Lin Chen stated that this situation is not solely due to the expectation of a decline, but rather stems from investors looking for opportunities to buy at the bottom in the event of a possible drop.

“The increase in put options does not mean that investors expect a decline in Bitcoin.

Investors are making strategic moves. Traders are either selling put options to earn premiums or taking positions to avoid getting caught on the wrong side in case of a possible drop and to buy BTC at a low.

*It is not investment advice.

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