- 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.
Where Are We Now?
As of now, Bitcoin is trading at $101,187, up 1.62% for the day. Ethereum is holding steady above $3,100, reflecting the generally optimistic sentiment across the crypto space. With Trump’s inauguration just days away, traders are watching closely to see how today’s market activity plays out—and whether his presidency will bring the industry-friendly changes many are hoping for. 
