In the past two days, Bitcoin (BTC) has been reaching record highs, while Ethereum (ETH) and other altcoins also show significant gains. Attention to the expiration of options contracts may affect the market.
Price Surge of Bitcoin and Ethereum
Bitcoin reached above $118,000, delighting many investors. Ethereum and other altcoins are also showing strong price growth amid the bullish market sentiment.
Details of Options Expiration
Today, $4.3 billion worth of Bitcoin options and $710 million worth of Ethereum options are set to expire in the crypto market. BTC has a Put/Call Ratio of 1.05, while ETH has a ratio of 1.11. The maximum pain point for BTC is set at $108,000, and for ETH it is at $2,600.
Expert Analysis and Predictions
Greeks.live analysts point out that the rise in Bitcoin and Ethereum over a short period may indicate the start of a new bull market. However, the options market is not showing clear signs of FOMO, and institutional investors remain cautious. "The smell of a major bull market, with Bitcoin reaching a new all-time high and Ethereum briefly returning to the crucial $3,000 mark, is a rare improvement in market sentiment," experts note.
The cryptocurrency market currently shows promising growth trends; however, the expiration of options contracts could lead to significant volatility. Investors will be closely monitoring the developments.
