Bitcoin

Ethereum

Today is an important day in the <a href="https://optimisus.com/news/crypto-news/microstrategy-may-halt-bitcoin-purchases-in-january-due-to-rumored-blackout-restrictions/" rel="noopener noreferrer nofollow">cryptocurrency market</a>, as $2.62 billion in Bitcoin and Ethereum options contracts are about to expire.This situation is expected to cause short-term price changes for both crypto, which have recently gone down. <a href="https://optimisus.com/news/crypto-news/bitcoin-etfs-in-the-us-surpass-gold-etfs-in-assets/" rel="noopener noreferrer nofollow">Bitcoin</a> is at the top with $2.02 billion in contracts, and Ethereum is next with $598.99 million. Today, more than 20,700 Bitcoin contracts are expiring, a bit lower than last week. In contrast, Ethereum has risen to over 174,000 contracts.The &#34;maximum pain price&#34; is an important idea here. It shows the price point where most options end up being worthless at expiration. Bitcoin is priced at $101,000, while Ethereum is at $3,700. Right now, both cryptocurrencies are trading below these levels, but the idea is that prices might move closer to them as the expiration date gets nearer.Market sentiment looks positive. The put-to-call ratios are 0.87 for Bitcoin and 0.48 for Ethereum, both under 1, which means traders expect prices to go up. But, the large number of expiring options might still cause significant market changes soon.In the past, options expirations have led to more volatility as traders and institutions change their positions. Analysts say that even though these events can cause short-term issues, markets usually bounce back quickly. Even with recent drops, some think Bitcoin might bounce back and hit important price levels.

Over $2.6 billion in Bitcoin and Ethereum options set to expire

Optimisus

Other articles published on Dec 21, 2024

Gud Tech, Zircuit’s First AI Fair Launch, Surpasses $9M in Staking Value

Cathie Wood Projects $1M to $1.5M Bitcoin Price by 2030 Amid Rising Institutional Interest

Wall Street Pepe vs. Pepeto: The Memecoin Giants Set to Dominate the 2025 Bull Market

Qubetics: 20% Final Surge Ahead—the Best Altcoin to Buy Now While Helium Gains 8% in 24 Hours and...

Tether pours $775M into video-sharing platform Rumble

Will Chainlink Break $25 Resistance as Whales Move $17M in LINK?

Join our free newsletter for daily crypto updates!