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

Best Meme Coins to Buy This Week: Crypto All-Stars’ $25M Presale Fuels Interest in BTFD Coin as S...

Pro-XRP lawyer says Elon Musk D.O.G.E. department is necessary, in a new war with SEC’s lawyers

Tether pours $775M into video-sharing platform Rumble

Why is the SUI Token Price Pumping?

XRP Price Prediction For December 21

Pendle Announces Partnership with UsualMoney to Launch $USUALx

Join our free newsletter for daily crypto updates!