Massive $2.6 Billion Bitcoin & Ethereum Options Expiry Today: How Will It Impact
Today, January 3, $2.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts are set to expire, triggering some potential market volatility. Among them, Bitcoin options are worth US$2.15 billion, and Ethereum options total US$453 million. Given recent price changes, this expiration could impact the short-term direction of both assets.
Bitcoin options expiry
Bitcoin is seeing 20,000 options contracts Bonds worth $2.15 billion mature today. While this is well below last week’s $88,537 contract, it could still cause some price movement. Market sentiment for Bitcoin remains mostly positive as there are more long contracts (call options) than short contracts (put options).
Bitcoin’s open interest refers to the number of contracts that have not yet expired, reaching a maximum level of $120,000. This shows that many traders expect Bitcoin to rise.
At the same time, the key price The watch sells for $97,000, Because this could indicate the next direction for Bitcoin.
$453 million in Ethereum options expire
In addition to Bitcoin, Ethereum has 1,323,745 options expiring The contract is worth $453 million. The put to call ratio is 0.33, indicating that more traders are expecting the price to rise. Ethereum’s highest pain price is $3,400, which means we may see the price move toward that level. Ethereum has performed well recently, but needs to break $3,600 to continue rising.
What’s next for Bitcoin and Ethereum?
With this massive expiration, the market may see some price changes for Bitcoin and Ethereum, especially given the recent price volatility. Bitcoin price is near $97,000 and could move higher if it breaks this resistance.
Ethereum is also trading higher, approaching $3,430. However, in order to continue rising, they need to break through key resistance levels.
