$18 Billion Bitcoin and Ethereum Options Expiration
🔥 Market Turmoil Ahead 🔥
Today, a record-breaking $18 billion worth of Bitcoin and Ethereum options contracts are expiring, signaling significant changes in the market. Bitcoin options are set to expire at $14.38 billion, while Ethereum's are at $3.7 billion, with a notable increase in the number of contracts, indicating heightened trading activity.
The put/call ratio for Bitcoin is 0.69, showing increased market confidence, whereas Ethereum's ratio has dropped to 0.41, reflecting a higher trust in price growth. Both BTC and ETH are trading above their maximum pain points, which may lead to greater losses for options buyers and trigger market volatility.
Due to rising hedging demand, Bitcoin's P/C ratio has increased in the fourth quarter of 2024, while bullish sentiment for Ethereum is more pronounced. This record expiration date could determine the market direction for 2025.
