- Over $3 billion in Bitcoin and Ethereum options are set to expire today, creating a ripple of volatility across crypto markets.
- Bitcoin broke back above $100,000, fueled by optimism surrounding Trump’s upcoming pro-crypto policies.
- With Bitcoin’s put-to-call ratio at 0.94 and Ethereum’s at 0.36, traders remain bullish on price increases.
What’s Happening with Bitcoin and Ethereum Options?
Data from Deribit shows a huge number of contracts are expiring today, which could lead to significant price swings:- Bitcoin (BTC):
- About 21,664 contracts, valued at $2.2 billion, will expire.
- The put-to-call ratio is at 0.94, indicating a roughly even split between traders hedging for losses (puts) and betting on gains (calls).
- The key maximum pain point is $96,000—this is the price at which most options contracts will expire worthless.
- Ethereum (ETH):
- Around 182,454 contracts, worth $612 million, are also set to expire.
- The put-to-call ratio is much lower at 0.36, showing more traders are betting on Ethereum’s price going up.
- The maximum pain point for ETH sits at $3,250.
Trump’s Crypto Stance Fuels Market Hopes
Bitcoin’s rebound above $100,000 isn’t just about today’s options. Much of the excitement is tied to Donald Trump’s upcoming presidency. Known for his pro-crypto views, Trump has vowed to support the industry through regulatory clarity and even hinted at creating a national Bitcoin reserve. Analysts at Greeks.live say Trump’s anticipated policies are keeping the market’s mood positive: https://x.com/GreeksLive/status/1880100553302392983 “Trump officially takes office next week, and there’s speculation about whether he’ll act on crypto policies immediately. This optimism is helping Bitcoin stay strong above $100,000.” If Trump delivers on his promises, it could mark a major shift in how the U.S. treats cryptocurrencies.Traders Prepare for Short-Term Volatility
Today’s options expiry could lead to sharp market movements, and analysts are keeping a close eye on the data. Short-term implied volatility has risen, and experts are suggesting that traders may want to watch closely for any rapid price moves. https://x.com/GreeksLive/status/1879992392364786063 Interestingly, trading behavior across different regions has also been affecting Bitcoin prices. Earlier in the day:- Asian and European traders sold Bitcoin, causing a brief dip in its price.
- American traders jumped in later, buying up BTC and driving prices back up above $100,000.