46,000 BTC options Expiring Soon Cause Put Call Ratio Of 1.11: GreeksLive

• 46,000 BTC options and 288,000 ETH options are set to expire soon, potentially affecting market prices.
• Analytics platform shows that put Call Ratios for Bitcoin and Ethereum indicate slight bearish sentiment among investors.
• Biggest pain points for BTC and ETH are $23,000 and $1,550, respectively, with significant nominal values.

Option trader’s data platform GreeksLive tweeted on March 17 that the cryptocurrency market is currently experiencing a significant event as 46,000 Bitcoin options and 288,000 Ethereum options are set to expire soon.

46,000 BTC options are about to expire with a Put Call Ratio of 1.11, a max pain point of $23,000 and a notional value of $1.18 billion.
288,000 ETH options are about to expire, with a Put Call Ratio of 1.12, a max pain point of $1,550 and a notional value of $490 million. pic.twitter.com/35dp0EqlsL

— Greeks.live (@GreeksLive) March 17, 2023

These expirations are likely to impact the market price of both cryptocurrencies and may result in increased volatility.

According to GreeksLive, the Put Call Ratio, a key metric used to assess market sentiment, indicates that the market is currently slightly bearish for Bit…

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