Bitcoin & Ethereum Option Expiry: Sentiment Weakens Amid Tariffs
About $3.12 billion in Bitcoin (BTC) and Ethereum (ETH) options expire today. Will its nominal value of over $1 billion raise prices as the pioneer cryptocurrency remains below $100,000 this week?
Market observers are particularly concerned about this event because it affects the potential of short-term trends through the quantity of contracts and their nominal value. Examining the ratio and maximum pain points of extraction can provide insights into traders’ expectations and possible market directions.
Insights on Bitcoin and Ethereum options that expire today
The nominal value of BTC options expired today is $2.56 billion. Deribit’s data shows that the ratio of 26,251 expired Bitcoin options is 0.57. This ratio indicates the generality of sales options (puts) for purchasing options (calls).
The data also show that the maximum pain point for these expiration options is $99,500. The biggest pain point is the price at which the assets will cause the maximum number of holders to financial losses.
In addition to the Bitcoin option, 204,376 Ethereum option contracts will expire. These expiring options have a nominal value of $557.4 million, with an estimated ratio of $0.46 and a maximum pain point of $2,950.
The number of Bitcoin and Ethereum options that expire today is significantly lower than last week’s. Beincrypto reported that the expiring BTC options last week were 80,179 contracts, while the ETH was 603,426.
This marginal difference comes from last week’s choice, which represents the total number of the month. Therefore, the total number of options expires More than $10 billion.
Before expiration, the option trading instrument provider Greek. Live shares its insights into the market. It highlights the general weak sentiment in the market this week and explains why the maximum pain levels for BTC and ETH are below the $100,000 and $3,000 levels, respectively.
“Sentence is weak this week, with ETH’s Maxpain Point once again below $3,000, and a little bit during the meeting, the coin dropped to $2,100, a new low since 2024, and BTC effectively dropped below $100,000 since November Its oscillation range has been wide since breaking $95,000 in the second half explain.
In this context, Options Trading Tool representation US President Donald Trump’s tariffs Influencing emotions. As Beincrypto reported, trade policy was the main market driver this week, leading to The largest single-day liquidation activity in history. Traders stay alert Potential trade warwhich may further aggravate the emotions.
Therefore, analysts in Greek attributed to the current volatility Arouses expectations for further adjustment.
“The market is still digesting the impact of Trump’s trade for three months, with delivery accounting for 10% of the total jobs this week, trading on call options dropped sharply, while Block sales increased by percentage of the volume. ”
However, the influence of macroeconomics cannot be ignored. and Unemployment and non-agricultural wages in the United States With today’s January data, traders are expected to look for how these macro events affect the market, and the overall risk in the cryptocurrency sector is now more relevant.
“Popular market drivers today: growth in unemployment may spark interest in Bitcoin as a hedge against economic instability. The decline may make investors prefer traditional markets. Strong salary numbers may mark economic health, It may reduce the security appeal of Bitcoin. In times of economic uncertainty, weaker numbers may enhance the attractiveness of Bitcoin as an investment,” crypto analyst Mark Cullen Observed.
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