$3 Billion in BTC, ETH Options Expire as Bitcoin Hits $100,000
Roughly $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today, sparking huge anticipation in the cryptocurrency market.
These expiring cryptocurrency options come a week before President-elect Donald Trump takes office. Bitcoin was the first to break the $100,000 mark.
Over $2.8 billion in Bitcoin and Ethereum options expire
According to Deribit data, 21,664 Bitcoin contracts are expiring today, with a notional value of approximately $2.2 billion. Bitcoin’s put to call ratio is 0.94.
The biggest pain point—the price at which the asset would cause financial harm to the largest number of holders—is $96,000. Here, most contracts expire worthless.
Likewise, the crypto market will witness the expiration of 182,454 Ethereum contracts with a notional value of $612.2 million. These expiring Ethereum options have a put to call ratio of 0.36 and a maximum pain of $3,250.
Option expiration often results in significant price volatilitywhich makes it important for traders and investors to pay close attention to today’s developments. The put-to-call ratio for both Bitcoin and Ethereum is below 1, indicating optimism in the market. This shows that more traders are betting on higher prices, reflecting positive market sentiment.
Bitcoin’s move back to $100,000 is in line with market optimism. Meanwhile, analysts at Greeks.live attribute the sentiment to expectations of a Donald Trump presidency, as he promises to be “crypto president”, which may have a favorable impact on industry policies. Analysts also cited No expectation of interest rate cutwhich could affect market sentiment toward cryptocurrencies.
“Bitcoin rebounded above $100,000 again, sweeping away the weekend’s sluggish market sentiment… Trump will officially be inaugurated as the new president of the United States next week. Whether he will enact policies directly beneficial to cryptocurrency this month is worth watching. In the near future, U.S. stocks have rebounded in the past few days, and the interest rate meeting at the end of the month will basically maintain no interest rate cut. “Greeks.live. shared On X (Twitter).
Still, analysts note that short-term options mean volatility (4) The price rises, and the power of bulls increases significantly. Therefore, they recommend investors buy a portion of short-term options, citing concerns about government incumbents and expected policy changes by the government. ETF inflows (Exchange Traded Funds).
Additionally, Greeks.live highlighted how trading behavior in different regions affects the price of Bitcoin. The market trend turned positive as Asia and Europe sold off Bitcoin, causing the price to drop, before Americans bought it back. This reflects the global interplay of cryptocurrency markets.
“Asia and the EU sold off Bitcoin today, then Americans bought it all back at the lows? Turning BTC’s red day into a green day,” the post read.
While the commentary on the price action was somewhat scathing, the interaction points to the underlying backdrop of political events affecting market sentiment ahead of the expected swings caused by Trump’s inauguration.
BeInCrypto data shows that at the time of writing, Bitcoin is trading at $101,187. This represents a modest gain of 1.62% since Friday’s open.
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