The leading cryptocurrency Bitcoin (BTC) and altcoins have been experiencing a rapid recovery in recent days.
While the $100,000 level is being discussed again for BTC, the expiration date for option contracts in the crypto market has come today, as it does every Friday. These options are even more important because they fall on the last Friday of both the week and the month.
According to the news of Singapore-based crypto options data platform Greeks.live, 78,000 Bitcoin and 461,000 Ethereum options will expire on April 25 on the Deribit derivatives exchange. Accordingly, the Put/Call Ratio of BTC options is 0.75, the maximum loss point is $86,000 and the notional value is $7.18 billion. When we look at Ethereum, ETH options have a Put/Call Ratio of 0.82, a maximum loss point of $1,900, and a notional value of $820 million.
Bitcoin and Ethereum Recovered!
Bitcoin and Ethereum have rebounded strongly this week. According to analysts at Greeks.live, US President Donald Trump’s show of weakness in the trade and tariff wars gave the market a lot of confidence and a rapid recovery was seen. However, uncertainty in the market will continue for a long time.
While options account for a quarter of total positions, the share of puts was higher this month, reflecting the market’s concern about a downside. However, the recent rise and recovery in the market has significantly increased the share of call options expiring in June, and investors have become more optimistic about the future of Bitcoin and cryptocurrencies.
What Does the Put/Call Ratio Signal for Bitcoin and Ethereum?
The put/call ratio is calculated by dividing the number of put options by the number of call options. A ratio below 1 means there are more buys than puts, indicating an uptrend. A ratio above 1 means there are more puts than calls, indicating a downtrend. A ratio close to 1 means the market is balanced or neutral.
For Bitcoin, this ratio is 0.75, while for Ethereum it is 0.82. Although these ratios are numerically below 1 and indicate an upward trend, being closer to 1 means the market will be balanced. However, time will tell how these ratios will affect the price. At this point, do not make your investment decisions based on a single data or report.
April 25 Options Data
78,000 BTC options expired with a Put Call Ratio of 0.75, a Maxpain point of $86,000 and a notional value of $7.18 billion.
461,000 ETH options expired with a Put Call Ratio of 0.82, a Maxpain point of $1,900 and a notional value of $820 million.
Bitcoin and… — Greeks.live (@GreeksLive) April 25, 2025
*This is not investment advice.