Today, like every Friday, option contracts on Bitcoin and Ethereum are expiring, raising interest among analysts and traders.
Option Expiration Data
On September 5, options worth $3.36 billion for Bitcoin and $1.28 billion for Ethereum will expire on the Deribit platform. These figures indicate high trading volumes in the market.
Market Analysis for Bitcoin and Ethereum
According to the options market, the Put/Call ratio for Bitcoin is 1.42, indicating a predominance of sell orders over buy orders. This suggests that traders are bearish, anticipating a potential drop in prices. For Ethereum, the Put/Call ratio is 0.77, indicating that market sentiment is optimistic: buy orders outweigh sell orders.
Conclusions and September Outlook
Analysts at Greeks.live state that September is traditionally a challenging month for the cryptocurrency market. They note that both Bitcoin and Ethereum are under pressure, and the overall sentiment in the market remains cautious.
The expiration of option contracts for Bitcoin and Ethereum provides traders with insights into the current state of the market. Expectations and sentiments of market participants may influence price dynamics in September.
