The cryptocurrency market is anticipating heightened volatility due to the impending expiration of Bitcoin options valued at almost $4 billion. This event could significantly sway short-term price trends.
Bitcoin's current put-to-call ratio stands at 0.85, suggesting a more bullish sentiment than bearish among traders. Ethereum options exhibit a similar market posture.
Traders are cautiously preparing for potential market swings and strategizing accordingly, as the put-to-call ratio is a critical indicator of market outlook.
