The current bullish phase, according to the expert, exhibits certain cyclic patterns within the cryptocurrency industry.price is trading approximately $30,019.91 with a slight upward trend observed over the past week. Its market cap is nearing the $600 billion mark. indicates that 31,000 Bitcoin options contracts are about to expire.
With a put-call ratio of 0.73 and a maximum pain point of $27,000, these contracts represent a notional value of $930 million. Additionally, 180,000 Ethereum options are also nearing their expiry date, carrying a put-call ratio of 0.86, a maximum pain point of $1,750, and a notional value of $340 million.