Ethereum

Rally

Donald Trump

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>According to Deribit, $1.26 billion Bitcoin options and $0.36 billion Ethereum options expire today.</li> 
 <li>BTC is trading above $67,000 and ETH is priced above $2,600.</li> 
</ul> 
<p>According to Deribit, today, approximately $1.62 billion in crypto options are set to expire, amidst an optimistic market.</p> 
<p>Official data shows that Bitcoin options will expire with a notional value of $1.26 billion, a Put Call Ratio of 0.79, and a Max Pain point of $64,000.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://x.com/DeribitExchange/status/1846875346362061213/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GaFrNtKWcAA5xC_?format=jpg&amp;name=4096x4096" alt="BTC options data via Deribit" width="2996" height="1328" title="$1.26B Bitcoin Options and $0.36B Ethereum Options Expire Today 19"></a>
 <figcaption class="wp-caption-text">
  BTC options data via Deribit
 </figcaption>
</figure> 
<p>Also, Ethereum options will expire today, with a notional value of $0.36 billion, a Put Call Ratio of 0.61, and a Max Pain point of $2,500.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://x.com/DeribitExchange/status/1846875346362061213/photo/2" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GaFrPavWAAEBDSS?format=jpg&amp;name=4096x4096" alt="Ethereum options data via Deribit" width="3000" height="1332" title="$1.26B Bitcoin Options and $0.36B Ethereum Options Expire Today 20"></a>
 <figcaption class="wp-caption-text">
  Ethereum options data via Deribit
 </figcaption>
</figure> 
<p>Today, BTC and ETH options<a href="https://x.com/DeribitExchange/status/1846875346362061213" rel="nofollow" target="_blank"> data</a> comes following a crypto rally led by Bitcoin this week, fueled by continuous inflows in the US-based BTC ETFs and rising odds for a Donald Trump election win.</p> 
<h2 id="bitcoin-trades-above-67-000">Bitcoin Trades Above $67,000</h2> 
<p>At the moment of writing this article, BTC is trading above $67,700, up by almost 1% in the past 24 hours.</p> 
<figure id="attachment_51985" aria-describedby="caption-attachment-51985" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_7D_graph_coinmarketcap-8.jpeg"><img loading="lazy" decoding="async" class="wp-image-51985 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_7D_graph_coinmarketcap-8.jpeg" alt="BTC 7-day price in USD" width="1200" height="800" title="$1.26B Bitcoin Options and $0.36B Ethereum Options Expire Today 21" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_7D_graph_coinmarketcap-8.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_7D_graph_coinmarketcap-8-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_7D_graph_coinmarketcap-8-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_7D_graph_coinmarketcap-8-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_7D_graph_coinmarketcap-8-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_7D_graph_coinmarketcap-8-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-51985" class="wp-caption-text">
  BTC 7-day price in USD
 </figcaption>
</figure> 
<p>BTC began an ascending trend on October 11, when the coin surged from levels below $60,000 to prices close to $63,000.</p> 
<h3 id="btc-rally-catalysts">BTC Rally Catalysts</h3> 
<p>The coin continued a stronger rally following the past weekend which was marked by important events related to Donald Trump, involving the<a href="https://crypto.ro/en/news/bitcoin-price-surged-above-64k-following-prevention-of-trumps-potential-3rd-assassination-attempt/"> prevention</a> of a potential 3rd assassination of the former US President at a rally in California.</p> 
<p>This week, BTC’s rally was fueled by rising chances of a Trump win in the upcoming 2024 elections. On October 16, his chances<a href="https://crypto.ro/en/news/bitcoin-price-rises-above-68k-as-trumps-election-odds-surpass-60/"> surpassed 60%</a> on Polymarket, while Kamala Harris’ odds dropped below 40%.</p> 
<p>Bernstein analysts recently highlighted the strong correlation between Bitcoin’s October surge and Trump’s rising odds at a new US Presidency.</p> 
<p>Bitcoin’s price surge has also been sustained by the continuous inflows in BTC ETFs that started last week, on October 11. This week alone, the crypto products neared inflows of almost $2 billion, with BlackRock’s IBIT, <a href="https://crypto.ro/en/news/blackrocks-bitcoin-etf-ibit-topped-1b-inflows-this-week/">surpassing</a> the $1 billion level since October 14.</p> 
<p>Sentiment around Bitcoin continues to remain positive, as the coin surged 11% in the past week, and markets seem to be <a href="https://crypto.ro/en/news/bitcoin-october-rally-a-sign-of-markets-pricing-in-a-potential-trump-2024-elections-victory/">pricing in</a> a potential Trump win. Ethereum also performed well this week, kicking off a notable rally.</p> 
<h2 id="ethereum-trades-above-2-600">Ethereum Trades Above $2,600</h2> 
<p>Regarding the price of Ethereum, at the moment of writing this article, ETH is trading above $2,600, up by 1% today.</p> 
<p>In the past week, ETH also recorded a surge in price starting October 14, when the coin reached prices of over $2,600.</p> 
<figure id="attachment_51987" aria-describedby="caption-attachment-51987" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/ETH_7D_graph_coinmarketcap-1.jpeg"><img loading="lazy" decoding="async" class="wp-image-51987 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/ETH_7D_graph_coinmarketcap-1.jpeg" alt="ETH 7-day price in USD" width="1200" height="800" title="$1.26B Bitcoin Options and $0.36B Ethereum Options Expire Today 22" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/ETH_7D_graph_coinmarketcap-1.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_7D_graph_coinmarketcap-1-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_7D_graph_coinmarketcap-1-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_7D_graph_coinmarketcap-1-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_7D_graph_coinmarketcap-1-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_7D_graph_coinmarketcap-1-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-51987" class="wp-caption-text">
  ETH 7-day price in USD
 </figcaption>
</figure> 
<h3 id="eth-etf-inflows-of-the-week">ETH ETF Inflows of the Week</h3> 
<p>Unlike BTC ETFs which recorded only inflow days this week, ETH ETFs had a single outflow day on October 15, when the crypto products recorded $12.7 million in outflows. Apart from this, ETH ETFs saw inflow days as follows:</p> 
<ul> 
 <li>On October 17, ETH ETFs recorded $48.4 million in inflows.</li> 
 <li>On October 16, ETH ETFs recorded $24.2 million in inflows.</li> 
 <li>On October 14, ETH ETFs saw $17 million in inflows.</li> 
</ul> 
<p>Generally, ETH ETFs’ performance is considerably weaker compared to the ones of Bitcoin ETFs in the US.</p> 
<p>The crypto markets will probably experience high volatility in the upcoming days, considering that we’re less than three weeks ahead of the US elections scheduled for November 5, but the overall sentiment around Bitcoin remains optimistic.</p>

$1.26B Bitcoin Options and $0.36B Ethereum Options Expire Today

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