Record $28B Crypto Options Expiry on December 26
- Historic Expiry: December 26 is set to witness a record $28 billion in crypto options expiring, with 267,000 BTC and 1.28 million ETH options expiring, potentially triggering market volatility and reflecting the rapid growth and maturation of the crypto derivatives market.
- Strong Bullish Sentiment: The put/call ratio for BTC stands at 0.35, indicating a significant bullish sentiment as call options heavily outweigh puts, with a max pain price of $95,000, highlighting traders' aggressive optimism despite current prices being far below this level.
- Ethereum Options Expiry: Ethereum also sees a substantial expiry with 1.28 million ETH options closing, and a put/call ratio of 0.45, while the max pain level is at $3,100, showcasing strong investor optimism in ETH despite spot prices being below the max pain threshold.
- Market Volatility Alert: Such a massive options expiry could lead to increased volatility as traders adjust their positions ahead of expiry, necessitating market participants to remain vigilant for potential price swings, as these events often act as catalysts for momentum shifts.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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