Ethereum

Bitcoin

Billion

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Around $3.17 billion in crypto options are set to expire tomorrow at 08:00 (UTC).</li> 
 <li>BTC is trading at $98,000 and ETH above $3,100.</li> 
</ul> 
<p>The latest reports from Deribit reveal that a significant amount of crypto options will expire tomorrow, November 22, potentially triggering volatility in the crypto market.</p> 
<h2 id="3-17-billion-in-btc-and-eth-options-will-expire">$3.17 Billion in BTC and ETH Options Will Expire</h2> 
<p>On Friday, almost $3.2 billion in Bitcoin and Ethereum options will expire at 08:00 (UTC).</p> 
<p>Deribit revealed earlier today that $2.67 billion Bitcoin options will expire tomorrow with a Put/Call Ratio of 1.05, and a Max Pain Point of $85,000.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/Gc5KBoCWEAAz0Ra?format=jpg&amp;name=4096x4096" alt="Deribit - BTC options expiry data" width="2642" height="1196" title="$3.17B in Bitcoin and Ethereum Options Expire Tomorrow 15">
 <figcaption class="wp-caption-text">
  Deribit – BTC options expiry data
 </figcaption>
</figure> 
<p>Also, Ethereum options of $499.5 million will expire with a Put/Call Ratio of 0.63 and a Max Pain Point of $3,000.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/Gc5KeLJWsAA8tAk?format=jpg&amp;name=4096x4096" alt="Deribit - ETH options expiry data" width="2646" height="1190" title="$3.17B in Bitcoin and Ethereum Options Expire Tomorrow 16">
 <figcaption class="wp-caption-text">
  Deribit – ETH options expiry data
 </figcaption>
</figure> 
<p>The options expiry <a href="https://x.com/DeribitExchange/status/1859507238932496640" rel="nofollow" target="_blank">data</a> reveals a significant amount which means that the markets could see volatility. However, so far the crypto markets are fueled with massive amounts of optimism which pushes Bitcoin to reach one ATH after another.</p> 
<h2 id="bitcoin-hit-a-new-ath-above-98-000">Bitcoin Hit a New ATH Above $98,000</h2> 
<p>At the moment of writing this article, BTC is trading at $98,000, up by almost 5% in the past 24 hours. A few minutes earlier, the coin reached a new ATH above $98,000.</p> 
<figure id="attachment_53617" aria-describedby="caption-attachment-53617" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-21T134419.372.jpeg"><img loading="lazy" decoding="async" class="wp-image-53617 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-21T134419.372.jpeg" alt="BTC price in USD today" width="1200" height="800" title="$3.17B in Bitcoin and Ethereum Options Expire Tomorrow 17" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-21T134419.372.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-21T134419.372-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-21T134419.372-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-21T134419.372-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-21T134419.372-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-21T134419.372-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-53617" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>Now, the digital asset has a market cap of $1.94 trillion, reaching closer to taking Amazon’s place in the Top Assets by Market Cap in the world. Now, BTC is positioned in the 7th spot on this important list.</p> 
<p>Bitcoin’s impressive rally debuted in full force around the US elections on November 5, and since then, it continued, fueled by multiple factors. Trump’s upcoming friendlier policies towards crypto and the changes set to take place in Washington in 2025 continue to fuel the price surge of BTC.</p> 
<p>Also, the continued inflows in BTC ETFs and the launch of BTC ETF options are signaling increased institutional interest and adoption.</p> 
<p>And, most importantly the prospects of National BTC Reserves in the US and other countries is another essential factor to consider as injecting the markets with more optimism. All these elements mentioned above are creating the perfect scenery for BTC to <a href="https://crypto.ro/en/news/bitcoin-hits-a-new-ath-above-97k-nearing-the-100k-target/">hit $100,000</a> soon.</p> 
<h2 id="ethereum-trades-above-3-100">Ethereum Trades Above $3,100</h2> 
<p>ETH is currently trading above $3,100, up by 1.5% in the last 24 hours. The digital asset was not as successful as Bitcoin, seeing more increased volatility recently.</p> 
<figure id="attachment_53618" aria-describedby="caption-attachment-53618" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-13.jpeg"><img loading="lazy" decoding="async" class="wp-image-53618 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-13.jpeg" alt="ETH price in USD today" width="1200" height="800" title="$3.17B in Bitcoin and Ethereum Options Expire Tomorrow 18" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-13.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-13-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-13-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-13-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-13-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/ETH_1D_graph_coinmarketcap-13-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-53618" class="wp-caption-text">
  ETH price in USD today
 </figcaption>
</figure> 
<p>Today, the coin recorded a significant price surge from $3,035 levels to the current price. Unlike BTC ETFs which recorded continued inflows this week, ETH ETFs saw only outflows since November 14, signaling a decreased institutional interest.</p> 
<p>However, the overall crypto market is filled with optimism, stemming mostly from Trump’s support for crypto and the hope for a great 2025 for the entire industry.</p>

$3.17B in Bitcoin and Ethereum Options Expire Tomorrow

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