Options worth $7.48 billion in Bitcoin (BTC) and Ethereum (ETH) have expired, according to Greeks.live data. The expiration included 84,000 BTC options with a notional value of $6.2 billion and a Put/Call Ratio (PCR) of 0.88, peaking at $75,000. Additionally, 639,000 ETH options expired with a notional value of $1.28 billion and a PCR of 0.81, peaking at $2,200.
The PCR values for both BTC and ETH suggest a neutral market sentiment, with no significant skew towards bearish positions. This indicates that the market did not anticipate a major downturn, reflecting a primarily defensive stance with the realization of earlier positions.
$7.48 Billion in BTC and ETH Options Expire, Neutral Market Sentiment Prevails
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