Analysis of Bitcoin and Ethereum Options Expiry

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by Giorgi Kostiuk

2 years ago


On January 10, $2.24 billion in Bitcoin and Ethereum options are set to expire on Deribit. This event coincides with a weak market performance.

Bitcoin and Ethereum Options Expiry Data

Tomorrow, January 10, $2.24 billion in Bitcoin and Ethereum options will expire on Deribit. $1.79 billion in BTC options feature a Put/Call ratio of 0.66 and a Max Pain Point of $97,000. Also, $451 million in ETH options are set to expire with a Put/Call ratio of 0.49 and a Max Pain Point of $3,500. The expiry is accompanied by a weak market performance that has affected both BTC and ETH prices this week.

Current BTC Situation

At the moment of writing, BTC is trading above $93,000, having fallen by over 1.5% in the past 24 hours. Earlier today, BTC dipped to $92,000 levels before bouncing back above $93,000. After starting the week above $102,000 on January 6th, BTC began a downward trajectory from January 7, driven by factors such as crypto market liquidations, rising oil prices, inflation fears, and new potential pandemic concerns. Additionally, on January 8, BTC ETFS recorded a significant outflow of nearly $583 million according to SoSoValue data.

Current ETH Situation

ETH is currently stationed above $3,300, having decreased by over 1% in the past 24 hours. Earlier today, ETH dipped to $3,200 levels before bouncing back above $3,300. ETH peaked above $3,700 on January 6 but began a price decline the next day. On January 7 and 8, respective outflows of nearly $87 million and over $159 million were recorded from ETH ETFs according to SoSoValue data.

Despite the market correction, optimism around Bitcoin remains strong, particularly in light of political backing and potential innovations. Market participants continue to observe developments closely and maintain a positive outlook.

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