{"id":173423,"date":"2023-10-13T11:29:20","date_gmt":"2023-10-13T05:59:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-options-data-suggest-weakness-with-put-calls-dominating-crypto-news\/"},"modified":"2023-10-13T11:29:23","modified_gmt":"2023-10-13T05:59:23","slug":"bitcoin-options-data-suggest-weakness-with-put-calls-dominating-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-options-data-suggest-weakness-with-put-calls-dominating-crypto-news\/","title":{"rendered":"Bitcoin Options Data Suggest Weakness With Put Calls Dominating – Crypto News"},"content":{"rendered":"

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The Bitcoin price<\/a> lost the crucial support of $27,000 earlier this week with BTC now oscillating around $26,700 levels. Traders shall be closely watching for any kind of volatility ahead of the Friday\u2019s expiry.<\/p>\n

A Look At Bitcoin Options Data<\/h3>\n

Approximately 24,000 BTC options are nearing their expiration, presenting a Put Call Ratio of 1.23, a maximum pain point at $27,000, and a notional value totaling $640 million. Alongside this, around 190,000 ETH options are also on the verge of expiration, boasting a Put Call Ratio of 0.71, a maximum pain level of $1,600, and a notional value of $290 million.<\/p>\n

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Bitcoin (BTC) remains the dominant player, with a remarkable 70% surge in weekly positions for BTC options. Notably, BTC Put positions comprise 60% of the total, an unusual occurrence, reports Greek Live. Conversely, Ethereum (ETH) seems to be in a slower lane, lagging behind.<\/p>\n