More than 10 billion dollars of bitcoin options and ethereum ends today – is fluctuation coming?

In the latest encryption market news, More than 10 billion dollars from Bitcoin and Ethereum have been appointed options that expire todayThe signal Strong fluctuations We have personal income and suspended data.

Bitcoin and ethereum contracts, which are worth more than $ 10.3 billion, will end today – Friday, January 31, which may increase market fluctuations.

The barely important event comes a day after Bitcoin recovered from the two -day low price due to the FOMC meeting in January.

When investors rushed to book profits before the price decision, Bitcoin fell to less than 100,000 dollarsUltimately, support is found about $ 9,600. At the time of writing this report, the digital currency remains interconnected between $ 104,000 and $ 106,000.

Will Bitcoin go to the gathering soon?

Up to 80,179 contracts of Bitcoin options, which are worth more than $ 8.36 billion, ending today.

These contracts have the maximum pain price of $ 98,000, while the highest open interest rate is $ 120,000. The sale price is 0.68, which means more short.

Note that the demand mode is less than 1 generally indicates a bullish feeling towards the encrypted currency. However, the bullish position does not always mean that there are no increasing and often negative.

Is it the time to buy ethereum?

The ETHEREUM market will witness the expiration of more than 603,400 contracts worth $ 1.94 billion.

These contracts have the maximum level of 3300 dollars, and the percentage of its placement to the summons is slightly lower than Bitcoin, which is 0.43. However, it refers to the feelings of the upscale market with the same amount and optimism about Eyth price in the future an act.

Other events that lead to volatility

In addition to the news about the expiration of options, two events are expected to affect the instant price procedures for Bitcoin. These are personal spending data on the month and personal income data. It is usually referred to as the name Personal consumption expenses (PCE) The index, historically had a relatively low effect on the fluctuations of the encryption market.