In the latest news from the Crypto market, Over $ 10 billion in Bitcoin and Ethereum options should expire todaysignaling strong volatility Before us, personal income and pending data.
More than $ 10.3 billion in Bitcoin and Ethereum options are expected to expire today – Friday, January 31, which can cause increased volatility on the market.
The important event is barely one day after the Bitcoin bounce from a two -day price drop launched by the January FOMC meeting.
While investors rushed to reserve profits before the rate decision, Bitcoin slipped below $ 100,000Finally find the support of around $ 97,600. When writing the editorial’s time, digital currency remains linked to a beach between $ 104,000 and $ 106,000.
Will Bitcoin come back soon?
Up to 80,179 Bitcoin options, worth more than $ 8.36 billion, expire today.
These contracts have a maximum price of pain of $ 98,000, while the highest open price of interest is $ 120,000. The price of the call is 0.68, which means more long than shorts.
It should be noted that a Put-/ call ratio less than 1 generally indicates a bullish feeling towards the cryptocurrency. However, a bullish attitude does not always imply the absence of increased and often unfavorable volatility.
Is it the right time to buy Ethereum?
The Ethereum market will witness the expiration of more than 603,400 contracts worth $ 1.94 billion.
These contracts have a maximum point of pain level of $ 3,300, and their place / call ratio is slightly lower than that of Bitcoin, which is 0.43. It nevertheless indicates a feeling and an optimism of the equally optimistic market Future Eth price action.
Other volatility trigger events
In addition to the news of the expiration of options, two other events should have an impact on the immediate action of Bitcoin. These are personal data for personal expenses and personal income. Commonly called the Personal consumption expenditure (PCE) Index, it historically had a relatively low impact on the volatility of the cryptography market.
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