$3.33B in Bitcoin and Ethereum Options Set to Expire Today
By: coingape|2025/05/16 17:15:05
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The crypto market could witness higher volatility as the $3.33B worth of Bitcoin and Ethereum options would expire today. Interestingly, it is a common norm in the industry, where the crypto options expire once they become worthless (if not used), as the traders have put a limit to profit or loss from them. However, once they expire, the market witnesses slight to significant volatility depending on the investors sentiments. Let’s discuss.Bitcoin and Ethereum Options Expiry TodayAccording to the Deribit exchange official post, $3.33B in Bitcoin (BTC) and Ethereum (ETH) options are set to expire on the platform. Out of this, the $2.76B notional value is for the BTC options, with the main pain point being $100k.Additionally, the current Bitcoin price is $104k and has a Put/ Call Ratio of 1.02, which is neutral to slightly bullish for the token.In case of ETH options, $569.42M notional value will be lost at the Max Pain point of $2.3k. The current Ethereum price is $2.6k and a Put/ Call Ratio of 1.36, presenting bearish sentiment for the token.As the BTC price is above the max pain point with a neutral Put/Call Ratio, the investors could witness minimal volatility impact or an uptrend in the optimistic scenario. The next primary resistance for the token is $104.5k. If it overcomes this, the BTC could hit $108k or higher.However, in the case of Ethereum, the current price is also above the max pain point, but the Put/ Call ratio indicates a bearish direction. As a result, it could witness significant price swings.How is the Crypto Market Reacting to Bitcoin and Ethereum Options Expiry?The BTC and ETH crypto options expiry is due to lower-than-expected US CPI data, which could push the Fed for rate cuts. Overall, this could become fruitful for the crypto market, as the digital asset prices could increase. So many investors are bullish on the expiration event.Although the broader approach is bullish, the traders are also using defensive strategies. Many are selling call options and refraining from any bullish bets. The investors’ sentiment stats have dropped on the greed meter amid anticipated price swings.As a result, the crypto market cap is now sitting at $3.33 trillion, and the trading volume is at $131.28 billion. Even on the crypto heat map, most cryptos are green, indicating minimal impact before the crypto options’ expiration.The post $3.33B in Bitcoin and Ethereum Options Set to Expire Today appeared first on CoinGape.
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