- Bitcoin options are showing some bullish momentum, and the rally in whales suggests a possible rally in November.
- Ethereum options are showing indecision as the price hovers near lows, in contrast to Bitcoin's strong momentum.
The Oct. 25 crypto options expiration date has had mixed results. Bitcoin [BTC] and Ethereum [ETH]according to data from greeks.live.
This expiration event, with a total notional value of $5.28 billion, showed different investor behavior for the two major cryptocurrencies.
BTC option expiration date
63,000 people on October 25th bitcoin options The expiring contract shows a put-call ratio of 0.66, indicating an overall bullish sentiment among traders.
This ratio shows that the number of call options exceeds the number of put options, suggesting that traders are trending higher.
Meanwhile, the max pain point, at which most options become worthless, was recorded at $64,000.
The total notional value of expired BTC options was $4.26 billion, highlighting the high activity in the market.
Bitcoin was trading at around $67,000 at expiration, rebounding from its recent high of $68,000. Still, BTC remained close to its all-time high of $70,000.
Source:X
Bitcoin’s implied volatility (IV) (as of November 8) is stable at 55%, presenting a potential opportunity for traders anticipating a US election that could lead to big changes in the market. It shows that.
Increase in Bitcoin Whales
Recent Santiment data supports bullish sentiment revealed The number of Bitcoin whales has increased in the past two weeks.
DDuring this period, 297 new wallets holding at least 100 BTC were added, reflecting an increase of 1.93% and bringing the total number of such wallets to 16,338.
Historically, increases in large Bitcoin holders have often coincided with upward price momentum, suggesting that Bitcoin could rise further.
Source:X
The increase in whale addresses is in line with Bitcoin's recent price movement, which briefly pushed it above $68,000 before a slight correction back down to $67,000.
This whale accumulation could indicate continued interest among large investors and could support Bitcoin's resilience ahead of expected market volatility in November. There is sex.
ETH option expiration date
On October 25th, 403,426 Ethereum option contracts also expired, resulting in a put-call ratio of 0.97, reflecting roughly balanced sentiment between bullish and bearish positions.
The maximum pain point is set at $2,600, marking the point at which most options expire worthless.
The notional value of expiring ETH options reached $1.02 billion, underscoring Ethereum's significant market presence, but its performance remained stagnant compared to Bitcoin.
Source:X
Realistic or not, the market cap of ETH converted to BTC is as follows
At the time of writing, Ethereum was trading at the following prices: $2,468close to the maximum pain point, suggesting limited price fluctuations.
This was in contrast to Bitcoin's stronger price movement, as Bitcoin market trends showed signs of investor indecision, further exacerbated by challenges related to the Spot Ethereum ETF.
