The put/call ratio, an important indicator of market sentiment, stands at 0.56 for Bitcoin and 0.57 for Ethereum. A put/call ratio between 0.5 and 0.7 generally signals a bullish market outlook, indicating positive sentiment among traders. Additionally, the max pain price, the strike price that would result in maximum financial losses for option holders at expiration, is $26,500 for Bitcoin and $1,700 for Ethereum.
Experts believe that the expiration of these options could lead to increased volume and volatility in the underlying assets. Traders will be rebalancing or closing their positions, potentially causing significant price movements in Bitcoin and Ethereum.
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