The downward trend of Bitcoin, Ethereum and altcoins continues, but options agreements in the crypto market are expiring today, just as they do every Friday.
According to the first weekly data in September, $33.6 billion worth of Bitcoin and $1.28 billion worth of Ethereum options will expire on September 5th on the derivatives derivatives exchange.
Therefore, the Put/Call ratio for the BTC option is 1.42, the maximum loss point is $112,000, and the expected value is $3.36 billion.
Looking at Ethereum, the ETH option's Put/Call ratio is 0.77, maximum loss point is $4,400, and the concept value is $1.28 billion.
Looking at the put/call ratio, we can see that it is 1.42 for Bitcoin and 0.77 for ETH. These ratios show Ethereum's cautious yet optimistic outlook in the market, with buy orders bullishing sell orders and option traders.
However, the same is not true for Bitcoin. A ratio of 1-42 indicates that the sell order outweighs the buy order, suggesting that options traders are bearish and place themselves for potential declines.
Analysts at Greeks.Live noted that Bitcoin price adjustments have been underway for almost a month, and that Ethereum pullbacks have been in progress for two weeks. They further emphasized that September has historically been a challenging month for codes.
Analysts said September caused a general market weakness, and options markets in general showed a downward trend, and they were not confident in their performance in September.
*This is not investment advice.
