On January 17, Bitcoin and Ethereum options worth over $2.7 billion are set to expire on Deribit. BTC trades near $99,000, while ETH is above $3,300.
Deribit Crypto Expiry Data
On January 17, $2.09 billion worth of Bitcoin options are set to expire at 08:00 (UTC) on Deribit. The Max Pain point is at $96,000 with a Put/Call Ratio of 0.95. Ethereum options worth $639 million will expire with a Max Pain point of $3,200 and a Put/Call Ratio of 0.31.
BTC Trades Near $99,000
At the time of writing, BTC is trading near $99,000, up by over 2.6% in the past 24 hours. On January 15, Bitcoin surpassed the $100,000 level again, buoyed by the latest U.S. CPI data and renewed inflows in BTC ETFs.
ETH Trades Above $3,300
As of now, ETH trades above $3,300, gaining over 4% in the last 24 hours. ETH ETFs recorded nearly $60 million in inflows on January 15. Increased interest in ETH from whale activity signals a positive outlook.
The expiration of Bitcoin and Ethereum options on Deribit might increase market volatility. However, the crypto market remains optimistic ahead of the weekend.
