**Will Crypto Market Volatility Rise? Key Insights from Bitcoin and Ethereum Options Expiry!**
**Bitcoin and Ethereum have surged with Bitcoin increasing by 3.0% and Ethereum by 5.8% over the last 24 hours. This impressive rise in cryptocurrency value follows the US Federal Reserve’s recent interest rate cut. As we approach the massive options expiry scheduled for today, market watchers are keen on how the expiry will impact the cryptocurrency market volatility. Let’s explore the details.**
**Key Insights from the Upcoming Options Expiry**
**Data from Derbit reveals that at least 20,037 Bitcoin options contracts, valued at approximately $1.26 billion, and close to 125,046 Ethereum options contracts, worth around $308 million, are set to expire today.**
**The Bitcoin options contracts will expire with a put-to-call ratio of 0.85, suggesting a bullish sentiment among most participants. This aligns with various analysts’ projections about Bitcoin’s price movement.**
**Similarly, Ethereum options contracts will expire with a put-to-call ratio of 0.65. This indicates optimism among participants about Ethereum’s price growth.**
**Compared to Bitcoin, Ethereum exhibits a stronger bullish trend, as indicated by the put-to-call ratio data. In the ETH options market, fewer participants (65 out of 100) are betting against price increases compared to the BTC options market, where around 85 out of 100 are taking a bearish stance.**
**What Does This Mean for Short-Term Volatility?**
**The recent US Federal Reserve’s interest rate cut has positively influenced both BTC and ETH prices, leading to substantial bullish momentum.**
**Bitcoin experienced a significant bullish trend on September 17, closing at $61,715 on September 18, and reaching $62,932 at the close of yesterday. Today, BTC is trading at $63,720.**
**Similarly, Ethereum has also demonstrated a bullish trend since September 17, preparing to set a new monthly high. On September 2, ETH peaked at $2,538, then dropped to $2,226 on September 6. Yesterday, ETH closed at $2,463 and is now nearing $2,500.**
**The maximum pain point for BTC options expiry today is about $58,500. Given the current price, it seems unlikely BTC will fall below this level.**
**For Ethereum, the maximum pain point stands at $2,350. With ETH currently trading higher, the price is less likely to dip below this point.**
**In conclusion, options expiry typically induces volatility, particularly when an asset’s price aligns closely with its maximum pain point. Therefore, close monitoring of market movements today is essential.**
**Also Read: [Ethereum Price Analysis: ETH Price Ready For A Major Reversal In Q4?](https://proprofit.co.uk/category/trading/)**
**
Click Here For More Trading tips and strategies.
**
Discover more from Make Money Online and Work From Anywhere
Subscribe to get the latest posts sent to your email.
