$12.66B Bitcoin Options and $2.75B Ethereum Options Expire on July 25
On July 25, a significant quantity of Bitcoin and Ethereum options will expire on Deribit. The crypto expiration comes amidst an already volatile crypto market.
Deribitâs BTC and ETH Options Expiry Data
On July 24, in a post via X, Deribit announced that more than $15.4 billion in Bitcoin and Ethereum options will expire on July 25, marking a significant expiration, following Juneâs H1âs $17 billion options expiry.
Later today, over $12.66 billion in BTC options will expire with a Put/Call Ratio of 0.88 and a Max Pain Point of $112,000.
Also, $2.75 billion in ETH options will expire with a Put/Call Ratio of 0.87 and a Max Pain Point of $2,800.
As Deribit also noted, this is a big test for the crypto market, and weâll see how it will react. Thereâs been recent volatilty on the market, especially for Bitcoin, since July 24.
Bitcoin and Ethereum Price Trajectories
BTC and ETH price actions on July 25:
BTC Price Action
At the moment of writing this article, BTC is trading in the red, and the digital asset is priced above $115,000.
The digital asset debuted a descendant trajectory on the evening of July 24, when a 14-year-old dormant whale, which woke up yesterday, started selling BTC, according to official reports.
Data from ai_9684xtpaâs post via X, revealed that over the past 12 hours, 14,273 BTC belonging to the whale were deposited in batches into various exchanges by Galaxy Digital. The amount translates into more than $1.67 billion.
The data indicates that this was a âreal sell offâ according to the same notes, with Binance BTC spot trading seeing more than 10,000 BTC traded today. Also, Galaxy Digital withdrew some USDT from exchanges after depositing BTC.
ETH Price Action
ETH, on the other hand, recorded a better price action on July 25. At the moment of writing this article, ETH is trading in the green and itâs priced above $3.600, up by more than 2% in the past 24 hours.
Why is Bitcoin dropping today? Four clear drivers of the $115k tumble
After weeks of climbing, Bitcoin is pulling back. The crypto giant has dropped a few points on the day, dragging the crypto market down with it.Â
Bitcoin (BTC) is currently trading around $115,630, down roughly 2.6% today. This is one of the biggest 24âhour drops since hitting its allâtime high of about $123,100 earlier this month. The price slide brings its losses over the past seven days to approximately 3.9%, extending the downward slide that commenced earlier in the week.Â
The dip has painted the broader market red, with several altcoins and memecoins seeing even heavier losses. So, whatâs behind the OG cryptoâs drop?
Post-rally exhaustion and profit-takingÂ
Bitcoin ran hot for weeks, notching fresh all-time highs almost daily just over a week ago. But that momentum has cooled. Investors are locking in gains, whales are rotating funds, and large holders are rebalancing their positions, all contributing to the ongoing drop in price.
This shift opened the floodgates for liquidations. In the last 24 hours alone, nearly $586 million in long positions were wiped out across the board, according to CoinGlass. Bitcoin led the flush with around $150 million as it dropped toward $115K.
When leverage unwinds like this, losses compound fast. Forced selling often drags prices lower, rattles confidence, and turns a normal pullback into something sharper.
Ripple has moved over 210 million XRP worth $738 million between internal wallets, fueling speculation amid market volatility.
Ripple moved 210.6 million XRP worth over $738 million between two internal subwallets earlier today.
The transaction was confirmed by on-chain data linking both wallets directly to Rippleâs infrastructure.
XRP price climbed 20% last week following ETF approval and new U.S. legislation impacting stablecoins.
A major XRP transfer involving 210,669,117 tokens valued at $738,134,962 was recorded approximately three hours ago, according to Whale Alert. The transaction was carried out between two anonymous wallets, causing immediate attention across the crypto community.
Despite the initial lack of clarity, on-chain analytics later confirmed that both wallets are operated by Ripple. According to XRP-focused tracking service @XRPwallets, the sender and the receiver are internal subwallets linked to Ripple. The source noted that the destination wallet was activated in June 2022 and is now being used for holding transferred funds.
Donald Trump's Major Bitcoin (BTC) Move Reaches $2 Billion! Hear the DetailsâŚ
US President Donald Trump's company, Trump Media, has revealed its estimated Bitcoin holdings. According to the company, Trump Media holds $2 billion worth of Bitcoin.
Trump Media and Technology Group announced today that it has accumulated approximately $2 billion worth of Bitcoin and Bitcoin-related securities as part of its previously announced Bitcoin treasury strategy.
BTC holdings account for nearly two-thirds of its $3 billion in liquid assets.
The company has also allocated $300 million in Bitcoin options and plans to convert them into spot BTC depending on market conditions, the company said.
Devin Nunes, CEO and President of Trump Media, said:
âWe are meticulously implementing our publicly announced strategy and realizing our Bitcoin treasury plan.
These assets will help secure the financial freedom of our Company, protect us against discrimination by financial institutions, and create synergy with the utility token we plan to introduce in the Truth Social ecosystem.â
Donald Trump's company, Trump Media, announced in late May that it aims to raise $3 billion for Bitcoin and cryptocurrency investments. This funding would be provided through a $2 billion capital raise and a $1 billion convertible note.
Tether CEO Reveals Why Stablecoins Adoption Is Rising
In a recent conversation with Bankless, Tether CEO Paolo Ardoino explained the accelerating rise of stablecoins â especially in financially unstable regions. Around 2020, a growing number of middle-aged individuals unfamiliar with crypto began exploring digital assets, influenced by younger family members already in the space.
As economic conditions worsened â with rising inflation, job losses, and currency devaluations â many turned to stablecoins like USDT. Unlike traditional cryptocurrencies, stablecoins are pegged to fiat currencies, offering a stable store of value amid chaos.
Standard Chartered Predicts $200,000 Bitcoin Price by Year-End
Standard Chartered Bank has predicted the price of Bitcoin will reach $200,000 by the end of the year, led by their Digital Asset Research division.
This event signals a significant shift in Bitcoin's market dynamics, potentially altering the asset's role and appeal to large financial institutions.
The prediction underscores a possible structural change in Bitcoin's market dynamics. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, indicated that Bitcoin is maturing into a mainstream asset, reinforced by institutional frameworks rather than retail speculation.
Richard Teng Outlines Binanceâs Vision as Exchange Turns Eight
Founded in 2017, Binance has grown into the worldâs largest crypto exchange with a user base nearing 300 million and lifetime trading volume surpassing $125 trillion.
Daily trades now average $91 billion. Teng credited the post-2024 surge in adoption to a broader acceptance of digital assets, calling the past year âthe history of cryptoâs mainstreaming.â User growth jumped by over 100 million in just twelve months.
Teng pointed to the approval of the first spot Bitcoin ETF as a pivotal moment that turned institutional heads, opening the door to participation from government funds, family offices, and major foundations. $SUI
The crypto market dipped 0.86% ($33B) in 24 hours, cooling off after hitting a $3.86T yearly high. Key drivers include profit-taking after a 17.8% monthly rally, reduced BTC dominance (-0.31% to 61.09%), and macro uncertainty around dollar stability.
1. Profit-taking surge - $28M BTC liquidations (-81% vs prior day) signal orderly unwinding.
2. Altcoin rotation - Altcoin season index hit 39% (+44% weekly) draining Bitcoin's market share.
3. Dollar stability fears - JPMorgan reports central banks accelerating gold purchases as USD reserve share falls below 60%.