Greeks.Live: 150,000 BTC and 1.12 million ETH options are about to expire, which may usher in a bull market with sector rotation in the coming months
On December 27, Adam, an analyst at Greeks.Live, stated that December 27 marked the last options settlement of the year. A total of 150,000 BTC options expired with a Put Call Ratio of 0.69 and a maximum pain point of $85,000 USD; their nominal value reached $141.7 billion USD. At the same time, 1.12 million ETH options expired with a Put Call Ratio of 0.41 and a maximum pain point of $3,000 USD; their nominal value was about $37.4 billion USD. The total nominal value for this delivery was approximately $180 billion USD; due to Christmas overlapping with annual settlements, overall market enthusiasm was relatively low and adjustments remained the main theme for this week.
In addition to this information: Bitcoin's annual returns in 2024 more than doubled - especially strong performance at year-end - leading to optimistic expectations for the market in 2025. Analysis suggests that after Trump takes office next January he may become one of the most crypto-friendly presidents ever while Musk's influence is also expected to further promote development within cryptocurrency industry sectors such as mainstream finance integration with crypto or US government and corporate bitcoin reserves which are all factors likely contributing positively towards future bullish markets over coming months.
Previously reported news today on Deribit showed largest bulk purchase option for ETH being set at strike price level around $4000 by January10th next year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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