Crypto markets will experience the expiration of $3.42 billion in Bitcoin and Ethereum options contracts today. This large expiration may lead to short-term price impacts, particularly as traders watch for Bitcoin possibly reaching $100,000.
With $2.86 billion in Bitcoin options and $561.66 million in Ethereum options expiring, traders are on alert for potential market volatility. Notably, Bitcoin shows a put-to-call ratio above 1, indicating a bearish sentiment, while Ethereum's ratio suggests bullish expectations.
Deribit data reveals that 28,905 Bitcoin options and 164,687 Ethereum options will expire, with respective maximum pain points at $86,000 and $3,050, influencing traders' strategies. The expiration is expected to ease price pressure on both BTC and ETH after Deribit's settlement.
Currently, BTC trades at $98,876, and ETH at $3,389. Analysts suggest a potential upward move for ETH, while BTC faces a possible correction. Still, the market sentiment appears optimistic due to capital inflows into ETFs, such as BlackRock’s IBIT options.
Despite some risks of correction for Bitcoin, the overall market rally helps maintain a positive sentiment. Traders should prepare for price fluctuations in Bitcoin and Ethereum as these high-volume options expire, influencing short-term trends.
