🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
$4.26 Billion BTC and ETH Options to Expire Today: What Will Happen Next with Cryptocurrency?
Today marks an important event for the cryptocurrency market: nearly $4.26 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are about to expire. This major expiration is expected to cause significant market volatility, creating potential opportunities as traders and investors prepare for a busy day. Bitcoin options expiring: $3.36 billion at risk A large portion of expiring contracts come from Bitcoin options. According to Deribit, over 217,000 Bitcoin contracts, worth about $3.36 billion, will be settled today. With a put-call ratio of 0.60, there are more buying positions (calls) than selling positions (puts), indicating a bullish sentiment. However, Bitcoin's maximum tolerable price is $98,000, slightly lower than the current spot price of $99,758. Although the recent increase in Bitcoin to $103,000 is noteworthy, the recent price decrease has caused a liquidation situation for many leveraged positions. However, the strong buying activity in the spot market shows optimism, despite the high leverage funding ratio potentially leading to liquidation. 900 million dollar Ethereum options about to expire Ethereum also has a big expiry day today, with over 1.7 million contracts worth about $900 million set to expire. Interestingly, Ethereum traders seem more optimistic than Bitcoin traders, with a put-to-call ratio of 0.46. However, the most uncomfortable price is $3,700, which is an important price level for both buyers and sellers as it can determine the next price direction for ETH Is the Christmas celebration protest about to take place? With options expiring soon, traders are wondering if a price increase could occur before Christmas. The market shows Bitcoin and Ethereum moving in different directions, with Bitcoin holding below $100,000 and Ethereum just below $4,000. The next few days could be crucial as traders adjust their positions and prepare for the year-end. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)