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Bitcoin and Ethereum Close to $9 Billion Critical Hour
At noon today, $6.2 billion worth of Bitcoin; $3.1 billion worth of Ethereum options are set to expire.
The max pain point was $61,000 for Bitcoin options and $3,100 for Ethereum options. Giant investors may try to push the price of options closer to the point of max pain before they expire. This is the maximum loss of buyers; It results in the maximum profit of those who sell it.
Among Bitcoin put-call options, Skew is slipping into negative territory as of May, which means that call options are more expensive. For Ethereum options, it was seen that it started to turn negative after the ETF decision.
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