Ethereum

Bitcoin

when

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Deribit reveals that around $5.22 billion in Bitcoin and Ethereum options expire tomorrow.</li> 
 <li>BTC is trading above $66,000 and ETH is priced above $2,500.</li> 
</ul> 
<p>According to new data revealed today by Deribit, approximately $5.22 billion in crypto options are set to expire tomorrow, October 25.</p> 
<h2 id="bitcoin-and-ethereum-options-expiry-details">Bitcoin and Ethereum Options Expiry Details</h2> 
<p>Tomorrow, $4.21 million Bitcoin options are set to expire with a Put/Call Ratio of 0.64 and a Max Pain point of $64,000.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://x.com/DeribitExchange/status/1849332588223054279/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/Gaokwf6WgAAM44t?format=jpg&amp;name=4096x4096" alt="Deribit BTC options data " width="2960" height="1302" title="$4.21B Bitcoin Options and $1.02B Ethereum Options Expire Tomorrow 21"></a>
 <figcaption class="wp-caption-text">
  Deribit BTC options data
 </figcaption>
</figure> 
<p>Also, $1.02 billion Ethereum options will expire with a Put/Call Ratio of 0.97 and a Max Pain point of $2,600.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/Gaokwf6WcAAu4_3?format=jpg&amp;name=4096x4096" alt="Deribit ETH options data" width="2950" height="1296" title="$4.21B Bitcoin Options and $1.02B Ethereum Options Expire Tomorrow 22">
 <figcaption class="wp-caption-text">
  Deribit ETH options data
 </figcaption>
</figure> 
<p>The Bitcoin and Ethereum options data is released amidst intense volatility recorded in the crypto markets.</p> 
<h2 id="bitcoin-price-above-66-000">Bitcoin Price Above $66,000</h2> 
<p>Today, BTC lost support for $67,000 once again, and, at the moment of writing this article, BTC is trading above $66,800, up by almost 0.6% in the past 24 hours.</p> 
<figure id="attachment_52265" aria-describedby="caption-attachment-52265" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-93.jpeg"><img loading="lazy" decoding="async" class="wp-image-52265 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-93.jpeg" alt="BTC price in USD today" width="1200" height="800" title="$4.21B Bitcoin Options and $1.02B Ethereum Options Expire Tomorrow 23" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-93.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-93-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-93-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-93-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-93-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-93-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-52265" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>On October 23, BTC’s price recorded a dip close to $65,200 levels, before a rebound above $67,000, but failed to remain above the important price mark.</p> 
<p>In the past 24 hours, BTC saw over $56 million in liquidations, of which $28.2 million were long positions and almost $28 million were short positions, according to <a href="https://www.coinglass.com/LiquidationData" rel="nofollow noopener" target="_blank">CoinGlass</a> data.</p> 
<p>Compared to last week when BTC recorded a significant rally fueled by continuous inflows in US BTC ETFs, whale accumulation, and the US elections, this week, the coin saw a downward trend which debuted on October 21.</p> 
<p>On that day, BTC reached price levels above $69,000, the first time since June, but by October 23, BTC’s price dropped to $65,000 levels ahead of a rebound to current prices.</p> 
<p>Ethereum’s performance was also weaker compared to previous weeks.</p> 
<h2 id="eth-price-above-2-500">ETH Price Above $2,500</h2> 
<p>At the moment of writing this article, ETH is trading above $2,500, down by over 2% in the past 24 hours.</p> 
<figure id="attachment_52266" aria-describedby="caption-attachment-52266" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/ETH_1D_graph_coinmarketcap-10.jpeg"><img loading="lazy" decoding="async" class="wp-image-52266 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/ETH_1D_graph_coinmarketcap-10.jpeg" alt="ETH price in USD today" width="1200" height="800" title="$4.21B Bitcoin Options and $1.02B Ethereum Options Expire Tomorrow 24" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/ETH_1D_graph_coinmarketcap-10.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_1D_graph_coinmarketcap-10-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_1D_graph_coinmarketcap-10-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_1D_graph_coinmarketcap-10-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_1D_graph_coinmarketcap-10-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/ETH_1D_graph_coinmarketcap-10-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-52266" class="wp-caption-text">
  ETH price in USD today
 </figcaption>
</figure> 
<p>Yesterday, ETH recorded a price drop to around $2,460, before rebounding above the current $2,500 levels.</p> 
<p>In the past 24 hours, ETH saw over $63 million in liquidations, $46.6 million in long positions, and $16.6 million in short positions.</p> 
<p>The general crypto market recorded over $250 million in liquidations during the past 24 hours, according to the same CoinGlass data.</p> 
<p>Prices’ volatility is likely to continue as the US elections are getting closer, but <a href="https://crypto.ro/en/news/bitcoin-price-consolidation-fails-to-dent-market-optimism/">multiple factors</a> could propel BTC to a new ATH by the end of 2024.</p>

$4.21B Bitcoin Options and $1.02B Ethereum Options Expire Tomorrow

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