Options Alert for Bitcoin and Ethereum: What Do Billions of Dollars in Critical Levels Indicate? - Coin Bulletin

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The expiration of options worth a total of 3.1 billion dollars for Bitcoin (BTC) and Ethereum (ETH) is tomorrow, and the most critical levels for investors will be 100 thousand dollars for BTC and 2 thousand 200 dollars for ETH.

One of the largest options exchanges in the world, Deribit, announced that a total of $3.1 billion worth of options contracts for Bitcoin and Ethereum will expire on May 16 at 11:00 AM Istanbul time. This massive figure is seen as a critical threshold that could significantly impact the price movements of both cryptocurrencies in the short term.

The "maximum pain point" in options is found at the level of 100 thousand dollars for BTC, while this critical level for ETH is set at 2 thousand 200 dollars. The maximum pain point refers to the price level at which investors would incur the most losses, and it is generally known that market prices tend to gravitate towards this point.

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(# Is Risk Increasing in Ethereum?

The Put/Call ratio in Ethereum options is at 1.24, indicating an increased expectation that the price of Ethereum will decline. In Bitcoin, however, this ratio is at 0.99, which is nearly neutral. This situation reveals that ETH investors are acting more cautiously compared to BTC investors and are taking precautions against potential declines.

The total market value of Bitcoin options is approximately 5 times larger than that of Ethereum options at 2.66 billion dollars. The direction in which the Bitcoin price will move in the next few hours will be decisive for the entire crypto market. Therefore, investors' eyes will be on this critical period.