The post Over $10 Billion in Crypto Options Expiring Today: What It Means for Bitcoin and Ethereum appeared on BitcoinEthereumNews.com.

The crypto market will witness $10.31 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could impact short-term price action, especially as both assets have recently declined. With Bitcoin options valued at $8.36 billion and Ethereum at $1.94 billion, traders are bracing for potential volatility. High-Stakes Crypto Options Expirations: What Traders Should Watch Today Today’s expiring options mark a significant increase from last week, as it expires at the end of the month. According to Deribit data, Bitcoin options expiration involves 80,179 contracts, compared to 30,645 contracts last week. Similarly, Ethereum’s expiring options total 603,426 contracts, up from 173,830 contracts the previous week. Expiring Bitcoin Options. Source: Deribit These expiring Bitcoin options have a maximum pain price of $98,000 and a put-to-call ratio 0.68. This indicates a generally bullish sentiment despite the asset’s recent pullback. In comparison, their Ethereum counterparts have a maximum pain price of $3,300 and a put-to-call ratio of 0.43, reflecting a similar market outlook. Expiring Ethereum Options. Source: Deribit Put-to-call ratios below 1 for Bitcoin and Ethereum suggest optimism in the market, with more traders betting on price increases. Nevertheless, analysts call for caution due to the tendency of options expiration to cause market volatility. “This could bring significant market volatility as traders reposition ahead of expiry, expect sharp price movements and potential liquidations,” Crypto Dad, a popular user on X, warned. The warning comes as options expirations often cause short-term price fluctuations, creating market uncertainty. Meanwhile, BeInCrypto data shows Bitcoin’s trading value has dropped by 0.64% to $104,299. On the other hand, Ethereum’s price is up by a modest 1.04%, now trading at $3,226. Implications of Options Expiry on BTC and ETH With their current prices, Bitcoin stands well above its maximum pain level of $98,000, while Ethereum is below the strike price of $3,300. The maximum pain point…

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Filed under: News - @ January 31, 2025 6:22 am