Key Points
- 62,000 Bitcoin options and 530,000 Ethereum options expire today.
- BTC is trading above $59,000, and ETH is above $2,500.
August 30 Bitcoin and Ethereum options data has been just released.
According to the official announcement coming from Greeks.live, 62,000 Bitcoin options are about to expire today with a Put Call Ratio of 0.59, a Maxpain point of $61,000, and a notional value of $3.66 billion.
Also, 530,000 Ethereum options are about to expire today with a Put Call Ratio of 0.49, a Maxpain point of $2,800, and a notional value of $1.34 billion.
The weakness in Ethereum this month is obvious in today’s monthly delivery for Options data, with the Montlhy Maxpain point and delivery price differing by over 10%, according to Greeks.live.
Long-Term IVs Up Ahead of September
The long-term IVs have risen this month, and the short-term IVs have fallen, according to the same observations via X, and there’s not too much room for the IVs to fall overall at this point.
According to historical data over the past few years, September is generally slightly flat-“weak to strong” month, and the Q4 will be a good time for Bitcoin.
Greeks.live also mentioned that recently, there have been a lot of whales laying out the October market. All signs indicate that the last four months of 2024 will mirror a good market.
Both Bitcoin and Ethereum saw intense price volatility this week.
BTC Trades Above $59,000 and ETH Above $2,500
Regarding Bitcoin‘s price today, at the moment of writing this article, BTC is trading above $59,000, up by 0.2% in the past 24 hours. Yesterday, the coin hit prices over $61,000 ahead of today’s correction.
This week, despite seeing a race towards $65,000, BTC recorded a significant drop in price on August 28 due to multiple factors.
As for Ethereum, the coin is currently trading above $2,500, after lingering above $2,700 at the beginning of this week.
