May’s First Option Data Revealed: Potential Uptrend Signals for Bitcoin (BTC) and Ethereum (ETH)

• According to data from Greeks.live, 23,000 Bitcoin and 330,000 Ethereum options are set to expire on May 3.
• Bitcoin fell below $60,000 during the downturns that began in April, with the BTC price retreating to $56,000 before recovering to near $60,000.
• With an increase expected in BTC and altcoins, attention has turned to the Bitcoin and Ethereum options that will expire today.

As Bitcoin and Ethereum options near their expiration date, investors are closely watching for potential market impacts. The current put/call ratios suggest a bullish trend, but other factors could influence the final outcome.

Impending Expiration of Bitcoin and Ethereum Options

Based on data from Singapore-based crypto options data platform Greeks.live, 23,000 BTC and 330,000 ETH options are set to expire on May 3. The Put/Call Ratio for BTC options is 0.49, with a maximum loss point of $61,000 and a notional value of $1.4 billion. For Ethereum, the ETH options have a Put/Call Ratio of 0.36, a maximum loss point of $3,000, and a notiona... Read the full article for FREE at COINOTAG!