Approximately $2.84 billion worth of Bitcoin and Ethereum options are about to expire, which will test the strength of the recent rally. Bitcoin options expiring amount to $2.4 billion, with the current trading price close to $95,310, higher than its $92,000 peak, but the put-to-call ratio is 1.26, indicating traders remain cautious. Ethereum options expiring amount to $437 million, with a more balanced put-to-call ratio of 1.03. Currently, ETH is consolidating around $3,295. Analysts point out that the market is currently focused on Bitcoin's upward momentum, but derivatives data shows that the overall market structure has not yet exhibited a clear bullish trend.
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Approximately $2.84 billion worth of Bitcoin and Ethereum options are about to expire, which will test the strength of the recent rally. Bitcoin options expiring amount to $2.4 billion, with the current trading price close to $95,310, higher than its $92,000 peak, but the put-to-call ratio is 1.26, indicating traders remain cautious. Ethereum options expiring amount to $437 million, with a more balanced put-to-call ratio of 1.03. Currently, ETH is consolidating around $3,295. Analysts point out that the market is currently focused on Bitcoin's upward momentum, but derivatives data shows that the overall market structure has not yet exhibited a clear bullish trend.