2025 Kicks Off
with $2.6
Billion in BTC
ETH Options Expiry
The crypto market will witness $2.639 billion in Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) and Ethereum
(ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) options contracts expire today. This massive expiration could impact
short-term price action, especially given the volatility seen in both assets
over the past few days.
With Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options valued at $1.9 billion and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum at $712 million, will
crypto markets see volatility extend or witness a steady kickoff to 2025? The
following is what these options expiration means for BTC and ETH prices.
First Crypto Options Expiry of 2025: Over $2.6 Options Expire
Data on Deribit shows today’s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options expiration involves 19,885
contracts, compared to 88,537 contracts last week . Similarly, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s
expiring options total 205,724 contracts, down from 796,021 contracts the
previous week. The disparity stems from last week s contracts, which
marked the end-of-year options expiry. Expiring Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Options. Source:
Deribit
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For Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, the expiring options have a maximum pain point (strike price) of
$97,000 and a put-to-call ratio of 0.69. This indicates a generally bullish
sentiment despite the pioneer crypto’s ongoing struggle to reclaim the
$100,000 milestone.
In comparison, the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum contracts expiring today have a maximum pain price
of $3,400 and a put-to-call ratio of 0.81, reflecting a similar market
outlook. When the put-to-call ratio is below 1, more traders are betting on
price increases. Expiring Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Options. Source: Deribit
In options trading , the strike price is a crucial metric that often guides
market behavior. It represents the price level at which most options expire
worthless, inflicting maximum financial “pain” on traders as options expire
worthless.
Traders and investors should brace for volatility, as options expirations
often cause short-term price fluctuations, which create market uncertainty.
Specifically, the asset’s price tends to gravitate toward the price to
optimize profits for options sellers, who, in most cases, are large financial
institutions of smart money.
According to BeInCrypto data, BTC was trading for $96,912 as of this writing,
whereas ETH was exchanging hands for $3,465 . Gravitating toward their
respective strike prices would, therefore, signify a modest value increase for
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and a slight drop in Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s price, hence potential
volatility.
“Volatility levels have retained a consistent level and shape throughout the
post-Christmas period. December’s end-of-year expiration of a significant
proportion of the market’s open interest in options did not result in the
fireworks that some expected. Instead, ETH volatility trades more than 5
points lower while BTC displays the same, slightly steeper shape that it has
since Christmas day,” Deribit shared .
Even in the face of potential volatility, however, markets usually stabilize
soon after as traders adapt to the new price environment. With today’s
high-volume expiration, traders and investors can expect a similar outcome,
potentially influencing short-term market trends.
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