back to top
Friday, June 7, 2024
HomeCryptoWhat events will cause Bitcoin and Ethereum to increase in price in...

What events will cause Bitcoin and Ethereum to increase in price in June?

According to Greeks.live data, 18,000 Bitcoin options and 260,000 Ethereum options will expire on June 7.

US Non-Farm Employment data is on everyone’s radar, BTC is expected to rise if the data is positive.

According to news from the crypto options data platform Greeks.live based in Singapore, options 18,000 BTC and 260,000 ETH will expire on June 7.

Accordingly, the Put/Call Ratio of the BTC option is 0.67, the maximum loss point is 70,000 USD and the notional value is 1.25 billion USD.

Looking at Ethereum, ETH options have a Put/Call Ratio of 0.64, a maximum loss point of $3,650, and a notional value of $1 billion.

Greeks.live said: “This month, the Bitcoin story will be closely related to macro news related to Fed interest rate cuts, while Ethereum will be influenced mainly by ETF approval news.”.

According to Greeks.live, these events could trigger a rise in BTC and ETH.

Put/Call Ratio is calculated by dividing the number of put options by the number of call options. A ratio below 1 means there were more purchases than sales, indicating an upward trend.

A ratio above 1 means there are more put options than call options, indicating a bearish bias. A ratio close to 1 means the market is balanced or neutral.

For Bitcoin, the ratio is 0.67; for Ethereum, it is 0.64. Accordingly, these ratios show cents increasing direction of BTC and ETH. However, time will tell how these will affect prices.

At this point, don’t make investment decisions based on a single data or report.

Santiment says about these 3 altcoins: “Whales have entered, price increase may be coming!”

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Fresh