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What Events Will Make Bitcoin and Ethereum Rise in June? What Does the Data Reveal for BTC and ETH Price?

While US Non-Farm Employment Data is on the agenda of the Bitcoin and cryptocurrency markets today, BTC is expected to rise if this data is positive.
According to the news of Singapore-based crypto options data platform Greeks.live, 18,000 BTC and 260,000 ETH options will expire on June 7.
Related News: What is the Reason for the Rise in Bitcoin and Altcoins? Will the Rise Continue? Analysts Pointed to Friday!
Accordingly, while the Put/Call Ratio of BTC options is 0.67, the maximum loss point is $70,000 and the notional value is $1.25 billion.
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.
Stating that the positive atmosphere in the crypto market continues as two central banks other than the US FED cut interest rates and the inflows to BTC ETFs continue, Greeks.live said, “This month, the narrative in Bitcoin will be strongly related to the macro news regarding the FED's interest rate cut, while Ethereum will It will be mainly affected by ETF approval news, he said.
According to Greeks.live, these events could trigger the rise in BTC and ETH.
What Does the Put/Call Ratio Indicate for Bitcoin and Ethereum?
The put/call ratio is calculated by dividing the number of put options by the number of call options. A ratio below 1 means there are more purchases than puts, indicating an upward trend.
A ratio above 1 means there are more put options than call options, indicating a bearish trend. A ratio close to 1 means the market is balanced or neutral.
For Bitcoin, this rate is 0.67; For Ethereum it appears as 0.64. Accordingly, these rates indicate an upward trend for BTC and ETH. However, time will tell how these rates will affect the price. At this point, do not make your investment decisions based on a single data or report.

June 7 Options Data 18,000 BTC options expired with a Put Call Ratio of 0.67, a Maxpain point of $70,000 and a notional value of $1.25 billion. 260,000 ETH options expired with a Put Call Ratio of 0.64, Maxpain point of $3,650 and notional value of $1 billion. With the BOC and… pic.twitter.com/tsSENca8Pu
— Greeks.live (@GreeksLive) June 7, 2024

*This is not investment advice.
Continue Reading: What Events Will Make Bitcoin and Ethereum Rise in June? What Does the Data Reveal for BTC and ETH Price?

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