Crypto Traders Show Bullish Bias Amid Strong ETH Put Option Activity

Traders focus on Bitcoin and Ethereum's key support zones, with cautious sentiment ahead of major quarterly options expiry on September 26.

BTC

ETH

175d ago

Summary

Greeks.live researcher Adam reports that crypto traders are showing a cautious, bearish bias, avoiding bottom-fishing as no clear trend reversal emerges. Market focus is on Bitcoin’s $104,000–$105,000 support zone and Ethereum’s $4,000 level. On September 26, major options expiry will involve $17.47 billion in Bitcoin options and $5.48 billion in Ethereum options, with significant put/call ratios and max pain levels at $110,000 and $3,700, respectively.

Terms & Concepts

Put/Call Ratio: A ratio used to measure market sentiment, comparing the number of put options to call options. A higher ratio suggests bearish sentiment, while a lower ratio suggests bullish sentiment.
Max Pain: The price point at which the greatest number of options contracts (both puts and calls) will expire worthless, causing maximum financial loss for option holders.
Options Expiry: The date on which options contracts expire, often leading to increased market volatility and significant price movements in the underlying asset.