The post BTC & ETH options expiry triggers $2.63B shakeup amid market pullback appeared on BitcoinEthereumNews.com.

Bitcoin’s $2.04 billion options expired with a max pain of $101K, trading now at $95,202. Ethereum faces sharper declines, losing 10.5% in a day, below its $3,750 max pain level. The crypto market is seeing heightened activity following the expiry of major Bitcoin [BTC] and Ethereum [ETH] options contracts.  On 20th December, 21,000 BTC options expired with a notional value of $2.04 billion, while 173,000 ETH options expired with a notional value of $590 million.  Bitcoin’s Put-Call Ratio stood at 0.87, suggesting a leaning toward bullish sentiment, while Ethereum’s lower Put-Call Ratio of 0.5 reflected stronger optimism among traders. The max pain point for Bitcoin was $101,000, while Ethereum’s was $3,750. With Bitcoin currently trading at $95,202.42 and Ethereum at $3,289.44, both assets remain below their max pain levels.  Such expirations often result in short-term volatility, with traders adjusting positions as markets stabilize post-expiry. Market declines continue for BTC and ETH Bitcoin has fallen by 6.41% in the past 24 hours, with a 7-day decline of 5.10%, pushing its market cap to $1.88 trillion. Ethereum has seen a sharper drop, losing 10.50% in 24 hours and 15.61% over the week, bringing its market cap to $396.41 billion.  Bitcoin’s failed attempt to break $110,000 and the ongoing correction have pressured prices. According to a recent AMBCrypto report, the expiration of Bitcoin and Ethereum options contracts worth $3 billion earlier this month drove notable market activity. At that time, Bitcoin had $2.1 billion in options expiring, with a Put-Call Ratio of 0.83 and a max pain point of $98,000.  These expirations contributed to the current trends observed in the market. Increased ETF outflows and options activity With the approach of Christmas and year-end deliveries, ETFs are seeing heightened outflows, further contributing to market movements. Market makers have also adjusted positions to align…

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Filed under: News - @ December 21, 2024 4:19 am