January 16th is an options expiration day. On that day, 20,000 BTC options and 120,000 ETH options will expire simultaneously, which is quite a significant volume.
The data on BTC is particularly interesting — the Put/Call ratio is 1.39, indicating that there are noticeably more bearish orders. The maximum pain point is at $92,000, with a notional value of about $2.3 billion. This suggests that market participants have a strong hedging and trading interest at this price level.
ETH's situation is somewhat more balanced. The Put/Call ratio is 1.04, close to a 1:1 level, reflecting a relatively b
View Original