$ETH Safe-haven demand for gold was further boosted by growing uncertainty over US trade policy. President Donald Trump plans to impose unilateral tariffs to pressure trading partners, though Treasury Secretary Scott Bessent suggested the current 90-day tariff pause could be extended.

The hype surrounding the latest trade tariff deal between the U.S. and China faded, resulting in uncertainty continuing in global markets. Meanwhile, President Trump continued to call for a 100 bps Fed rate cut, sparking discussions in the crypto market.

$3.7 Billion in Bitcoin and Ethereum Options Expiry

Over $3.7 billion in crypto options are set to expire on Deribit today. The crypto market often faces crash possibilities on options expiry due to high volatility. A mix of geopolitical and macro factors, supported by the options expiry, pushed traders to liquidate or change their positions.

28K BTC options with a notional value of more than $3 billion are set to expire on Friday on Deribit. At the time of writing, the put-call ratio was 0.95, suggesting a slightly bearish sentiment among traders. Notably, the max pain point is at $107,000, indicating a high chance of further retracement in BTC price.#BTC