Greeks.Live: Institutions Have Low Expectations for Bitcoin's Recent Rapid Rise, More Anticipate Long-term Moderate Growth
Greeks.Live analyst Adam posted on social media stating, "Options expiration data for June 6: 31,000 BTC options expired, with a Put Call Ratio of 0.71, a max pain point of $105,000, and a nominal value of $3.18 billion. 241,000 ETH options expired, with a Put Call Ratio of 0.63, a max pain point of $2,575, and a nominal value of $590 million.
For most of this week, the market was mainly volatile. Last night, due to the publicized conflict between Trump and Musk, Tesla's significant drop led to a noticeable pullback in both the US stock and crypto markets. Looking at the main expiration data, the expiration volume is about 10% of the total open interest. After weeks of decline, this week saw a rebound. Additionally, several large orders this week are worth noting, indicating increased market activity. Overall, crypto institutions have low expectations for a rapid rise in Bitcoin in the near term, with more anticipation for a moderate long-term increase."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized prediction platform OracleX will launch its global public beta on December 1.
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase
Large token unlocks for SUI, ENA, SANTOS, and others scheduled for next week
November was the second worst month for Bitcoin this year, with spot ETF recording a $3.48 billion outflow.
