Bitcoin (BTC) and the global market are expected to see Chairman Jerome Powell’s speech at Jackson Hole today.
At this point, it is predicted that Powell’s Hawkish stance could cause a decline, but a moderate stance could lead to an increase in the market.
Currently, the market is focusing on Powell’s speech, but the crypto market options agreement expiration dates arrive today, as they are every Friday.
Data from the third week of August shows that the derivatives derivatives exchange will expire on August 22nd, $3.8 billion worth of Bitcoin and $930 million worth of Ethereum options.
Therefore, the put-to-call ratio for the BTC option is 1.30, the maximum loss point is $118,000, and the estimated value is $3.8 billion.
Looking at Ethereum, the ETH option’s Put/Call ratio is 0.83, maximum loss points of $4250 and $930 million.
Bitcoin’s put-to-call ratio is 1.30, indicating that investors are seeking protection against potential declines. Ethereum put/call ratio is 0.83. This indicates relatively strong call demand, suggesting investors are acting in a balanced way and predicting price reversals.
At this point, an analyst at Greeks.Live said Ethereum investors were cautiously bullish and many believe their assets are already at a loss.
“The main focus of investors was ETH outperformance compared to BTC. Investors manage their risk by making profits on the phone while maintaining some delta positions with short puts.
At this point there is a strong belief in the market that ETH has reached the bottom of the ETHBTC pair and has a big outperformance against BTC.
*This is not investment advice.
