$2.1 Billion Bitcoin Options Set to Expire Amid Bullish Sentiment

Current Market Overview
1. Impact of U.S. Markets on Crypto Prices
What to Expect

Approximately $2.1 billion worth of Bitcoin options are set to expire this Friday, according to a leading crypto options platform. The current put-call ratio stands at 0.83, signaling a bullish sentiment as call options outweigh puts. The max pain point—the price level at which the most options will expire worthless—is $98,000, indicating key pressure points for traders.

Simultaneously, $640 million worth of Ethereum (ETH) options are expiring today. Traders appear more optimistic about Ethereum, with its put-call ratio also at 0.83. The critical level for Ethereum is pegged at $3,700, where bulls and bears are likely to clash.

Current Market Overview

Bitcoin is trading just above $100,000, while Ethereum is hovering near $3,920. As options expiry nears, market makers are adjusting their portfolios, particularly during the low-liquidity Christmas season, which traditionally brings increased volatility.

Impact of U.S. Markets on Crypto Prices

The influence of the U.S. stock market on cryptocurrency prices is growing stronger. Reduced liquidity in equities markets during the holidays could lead to heightened volatility in both stocks and crypto assets.

Traders are relying on options strategies to hedge against anticipated sharp price swings, driven by rising implied volatility (IV). This cautious approach reflects the uncertain environment surrounding the year-end market dynamics.

What to Expect

As traders reposition and major options expire, both Bitcoin and Ethereum are poised for significant market moves. While bulls seem to have the upper hand, volatility remains a wildcard, keeping the crypto market on edge.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Bitcoin Options Bullish Sentiment

$2.1 Billion Bitcoin Options Set to Expire Amid Bullish Sentiment

Sujit Kumar

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.