The fact that the maximum yield point of the 3.35 billion dollar option in Bitcoin and Ethereum has been reached raises questions about whether the correction has ended.
According to the data shared by the option data platform Greeks.Live on Twitter on March 15, 30,000 Bitcoin options worth 2.1 billion dollars and 330,000 Ethereum options worth 1.25 billion dollars expired.
The ratio of sales rates to purchase rates of these options is recorded as 0.79 in Bitcoin and 0.69 in Ethereum. While most investors bought call options for the rise, some investors bought put options to protect themselves.
The maximum yield levels of these options were 66,000 dollars for Bitcoin and 3,550 dollars for Ethereum. The fact that these levels have been reached during the day has caused question marks.
With today’s decline, Bitcoin and Ethereum reached the “Max Pain” point preferred by institutions. This also raises the possibility that the correction has ended.
While Bitcoin (BTC) generally showed a strong performance during the week, it had declined to 66,700 dollars today due to the slowdown in ETF entries.
According to CoinGecko data, although Bitcoin and Ethereum have experienced some recovery, in the last 24 hours, Bitcoin is trading at 67,732 dollars and Ethereum at 3,691 dollars with a decrease of more than 6%.
