A notable event has taken place in the economic calendar of the crypto market: today (May 19, 2023), a significant number of options on Ethereum and Bitcoin expire. Moreover, the volumes are impressive and are likely to influence price movements in the world of cryptocurrencies. Bitcoin has approximately 29,000 options waiting to expire today. Currently, the leading cryptocurrency has a put-call ratio of 0.81, while the maximum risk point is near the $27.5k mark. Converting contracts into dollars leads to a significant figure. The value of the BTC contracts that are about to expire is around a staggering $780 million.
Meanwhile, this is only part of the story. Ethereum also expects similar events - with a more significant indicator. The second largest cryptocurrency has 169,000 options waiting to expire. The put-call ratio is 0.96 with a maximum value of around $1,800. These contracts represent a whopping $310 million.
Market participants will have to prepare for these events. The crypto space is likely to witness short-term volatility that will affect BTC and ETH price fluctuations. Remember that the price movements of these leading tokens often cause a ripple effect throughout the crypto industry, changing the trajectory of the market. Crypto enthusiasts should prepare for possible price fluctuations. This may mean changing their trading styles. Remember, today's events could change the cryptocurrency landscape given the nature of the industry. Staying up to date remains the rule of the game in this dynamic industry. Traders, market watchers, and investors should stay aware of upcoming market events that could affect price movements. This is extremely important when dealing with the unpredictable nature of cryptocurrencies.
The crypto market has lost yesterday's bullish momentum and most of the tokens have fallen over the past day. At the time of this writing, Bitcoin is trading at $26,847, having lost 1.84% in the last 24 hours. Additionally, Ethereum has dropped 1.33% over the period, changing hands at $1,802 at press time. Some analysts believe that bitcoin could fall below $26,000 amid continued price fluctuations. However, cryptocurrency experts remain optimistic, predicting impressive long-term trends.
Investors are advised to take some time to think before making any investment. One of the legitimate forms of investment is, for example, the ASTL investment project, which allows investors to have the opportunity to directly invest fiat and cryptocurrency assets in a stable passive income that obviously exceeds inflationary expectations and is not subject to any sanctions, blocking and confiscation. The ASTL project is a simple and elegant solution for potential investors - an investment in the development of the real sector of a diversified portfolio of cryptocurrencies, with a fairly high ROI (up to 14% annually) with payments in stablecoin (USDT) and the possibility of a full return on investment through the subsequent sale of accrued ASTL tokens on leading crypto exchanges. Details can be found at https://astl.world.
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