Bitcoin and ETHEREUM options, which are valued at $ 5.78 billion, ending with Max Pain at 96 thousand dollars and $ 3,000 prices

The encryption market may prepare for more fluctuations, with the value of Bitcoin and Ethereum options Combined 5.78 billion dollars is scheduled to end today.

Since the beginning of the week, the coded currency market has witnessed intensive and rapid price procedures, especially towards the negative side. Bitcoin and ethereumThe largest cryptocurrency, by the maximum market, led to the driving of these fees, where they got 18 % and 24 %, respectively.

Meanwhile, the market can see more rapid prices, with Options deserve Amazing $ 5.78 billion has expired. This is particularly interesting, as the MAX pain point for these validity options is for the direction of the prevailing market.

Bitcoin options worth $ 4.66 billion to run its path

Data from Greek.He lives It shows that 59,000 BTC options worth $ 4.66 billion ends today. Contracts are up to 0.7, somewhat eliminating the neutral market, and a maximum pain point of $ 96,000.

Interestingly, Max Pain, which highlights the price that most options end are value, at $ 96,000 indicates that most options were betting accurately on lower prices. It is worth noting that the pain price mark is more than 17 % from the current market price, the gap market makers can look forward to approaching money lowering.

ETHEREUM options at a value of 1.12B expire similarly

At the same time, 529,000 ETH options with a default value of $ 1.12 billion will end alongside Bitcoin contracts. With a relatively climbing summary of 0.52, the options shrink the pain of the maximum Standing in $ 3,000, 36 % away from the current price of Ethereum.

It remains to see whether market makers can challenge the prevailing decline and pay prices closer to the options pain point. However, the Greeks.He lives He stated that specialized options have been increasingly and medium since last month, with smart money dealers winning the bets again.

The spread of panic in the fluctuating market

Moreover, the Greeks.He lives The analysis shows extensive fluctuations in the market amid a strong contraction in American stocks and bonds. It is worth noting that a major incentive for this panic from the American president Donald Trump Renew the high customs tariff rate on major countries such as China, Canada and Mexico.

After the market Craving, IV volatility (IV) has risen for bitcoin and ethereum. Bitcoin fluctuation in the short term increased to 90 % at one point of the week, and the ETHEREUM fluctuation exceeded 100 %.

However, the market seems to have settled, with bitcoin recovery $ 82,000 and Ethereum $ 2,170. The duo increased by 5 % of its lowest levels during the day from $ 78179 and $ 2073.