Bietchovien.eth
@bietchovienbtc
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🪙 Bitcoin options expiration - is a market trend reversal possible?
Today, 13,500 Bitcoin options worth $776 million expire. Despite low volumes, markets are falling and the put/call ratio of 0.82 indicates a bullish advantage, although the overall sentiment remains bearish.
Open interest in Bitcoin options remains high, with large bets on the $90,000 and $100,000 strikes. However, confidence is falling, volatility is rising, and sentiment is leaning towards a bearish trend.
Also expiring this week are 126,000 options on Ethereum worth $304 million. A put/call ratio of 0.63 indicates a more bearish sentiment compared to Bitcoin.
BitMEX's Ex-CEO Arthur Hayes, predicts a further decline in the exchange rate and opened a short on BTC to the $50,000 level. Despite bullish expectations, the market remains bearish, the options expiration will not have a significant impact.
Sentiment is deteriorating, which confirms the fall of the fear and greed index, and the BTC price is expected to decline further.
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