Market trades lower ahead of Options Expiry
By Manoj Dharra
The market has declined due to increased regulatory uncertainty, rising liquidations, and macroeconomic factors such as new US trade tariffs affecting risk appetite.
The US government’s decision to impose a 25% tariff on auto imports and other goods from Canada, Mexico, and China have made Investors fear that the escalating trade war could weaken risk sentiment, leading to a pullback in speculative assets like cryptocurrencies.
Today, approximately $14.21 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are due to expire.
Market watchers are particularly attentive to this event because it has the potential to influence short-term trends through the volume of contracts and their notional value.
$14.21 Billion Bitcoin and Ethereum Options Expiring : Bitcoin options have a put-to-call ratio of 0.49 meaning there are fewer put options than call options. Specifically, for every 100 call options, there are only 49 put options. This suggests that the market sentiment is generally bullish, as investors are betting more on the price of Bitcoin increasing rather than decreasing.
Market Participants are now awaiting the Core Personal Consumer Price Index (PCE) data due later today, as it could alter the US Fed’s narrative—impacting the decision on rate cuts.
Bitcoin ETFs See around $90M in Inflows, Marking 10th Consecutive Day of Growth. Analysts said this indicates there’s still institutional demand for bitcoin, despite inflows being modest compared to those seen earlier this year.
Ethereum is down over 5% today, trading around $1,925.96. Despite the successful completion of the Pectra test upgrade, concerns around Ethereum’s high gas fees, rising competition from faster blockchains, and short-term profit-taking have pressured its price…
$ETH ETFs Struggling – $5.89M in outflows, total net assets drop below $7B.
Altcoins are also in decline… XRP is down by 4.5%, SOL is down over 3%, Cardano is down almost 4%, LINK is down 6% and AVAX is down by 4%.
Crypto.com probe by the SEC has officially closed, says CEO… and hence it’s native CRO token is up by over 7% and trading at $0.1083.
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