Preparing for Monthly Options: Bitcoin & Ethereum Price Analysis

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• Both Bitcoin and Ethereum are trading near resistance levels as BTC and ETH prices are expected to experience a possible pullback.
• There is a 108,000 BTC option with a nominal value of 4.05 billion dollars set to expire on November 24, and the option’s call-put ratio is 0.83.
• BTC price has increased by 0.5% in the last 24 hours, and the current price is trading at $37,920. The 24-hour low and high values are $36,923 and $37,988, respectively.

Today, a significant amount of Bitcoin and Ethereum option contracts will expire: Current option data for Bitcoin and Ethereum!

Bitcoin Option Contracts: November 24

Crypto bulls are keeping the market afloat in an environment where traders are preparing for the effects of the monthly term. Both Bitcoin and Ethereum are trading near resistance levels, where BTC and ETH prices are expected to experience a possible pullback.

The sensitivity of the crypto market is mixed due to the news of Binance and the DOJ’s $4.3 billion settlement and the reports that CEO Changpeng “CZ” Zhao is guilty of federal charges, causing the Fear and Greed Index to drop from 71 to 66.

There is a 4.05 billion dollar nominal value option with 108,000 BTC set to expire on November 24, and the call-put ratio of the options is 0.83. The maximum pain point is $33,000, indicating that traders expect an increase in Bitcoin price after the expiration.

BTC price has increased by 0.5% in the last 24 hours, and the current price is trading at $37,920. The 24-hour low and high values are $36,923 and $37,988, respectively. Additionally, trading volume has decreased by 45% in the last 24 hours, indicating a decline in trader interest.

Ethereum Options

A 1.2 million ETH option with a nominal value of 2.48 billion dollars is set to expire with a call-put ratio of 0.72. The maximum pain point is $1,700, significantly lower than the current price.

ETH price has increased by 0.5% in the last 24 hours, and the current price is trading at $2,118. The 24-hour low and high values are $2,041 and $2,119, respectively. Additionally, trading volume has decreased by 40% in the last 24 hours, indicating a decline in trader interest.

Despite positive sentiment, traders are preparing for volatility after the events involving Binance and CEO CZ. Crypto market participants are expecting a significant decrease in market value as a result of the reshuffling of trades.

Moreover, trading activity may decline due to Christmas and year-end deliveries. Experts believe buying crypto during the rally led by Bitcoin halving and institutional investors is positive. Popular analyst Rekt Capital suggests accumulating any further significant pullbacks. He anticipates continued pullbacks near resistance levels for BTC.