• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How will crypto market react to $2.8B options expiration?

user avatar

by Giorgi Kostiuk

3 months ago


Today, January 17, approximately 21,600 Bitcoin contracts with a notional value of approximately $2.2 billion are expiring. Additionally, Ethereum options worth $617 million are also expiring.

Bitcoin Options Expiry

This week's batch of expiring contracts is slightly larger than last week's, but it is unlikely to significantly impact the market. The put/call ratio is currently 0.94, indicating an even distribution between bulls and bears. The highest open interest is at the $120,000 level, with significant positions also at the $110,000 level. Some traders continue to expect a move towards $110,000, although they remain cautious about potential pullbacks.

Current Trends in the Crypto Market

The crypto market capitalization reached $3.73 trillion, primarily driven by Bitcoin, which gained 2% on the day. BTC hit an intraday high of $102,000, showing weekly gains just under 10%. Ethereum remains around the $3,400 level, while Ripple's XRP approached its all-time high.

Additional Influencing Factors

The market is also influenced by US inflation data and upcoming events such as the presidential inauguration. The decline in implied volatility between January and March indicates expectations of increased uncertainty in the coming months. Additionally, the March $120,000 calls contributed to increased volatility as they were accumulated.

Despite the expiration of options, significant changes in the crypto market are not expected. However, continued attention to macroeconomic data and key price levels remains a focus for traders.

0

Share

Other news

Ethereum: Selling Pressure from Whales and DeFi Market Shift

Ethereum's drop below $1,800 raises market concerns. The $1,762 support level is crucial for a potential price reversal.

user avatarGiorgi Kostiuk

8 minutes ago

Blockchain Networks Compared: Solana, Avalanche, and BlockDAG Testnet

Explore the differences and achievements of Solana, Avalanche, and the BlockDAG testnet in blockchain technology.

user avatarGiorgi Kostiuk

8 minutes ago

Trump's Financial Transparency: Links with World Liberty Financial Raise Questions

Senators demand SEC transparency regarding Trump's ties to crypto company WLFI.

user avatarGiorgi Kostiuk

8 minutes ago

Crypto Industry Trends: Examining Arctic Pablo Coin, Cheems, and Book of Meme

Overview of the latest cryptocurrency developments: Arctic Pablo Coin, Cheems, and Book of Meme.

user avatarGiorgi Kostiuk

18 minutes ago

Ripple Introduces RLUSD to Enhance Global Payments

Ripple Labs integrates RLUSD to simplify cross-border payments and increase liquidity.

user avatarGiorgi Kostiuk

18 minutes ago

Cryptocurrencies Worth Watching: Qubetics, HNT, and AAVE

An overview of Qubetics, HNT, and AAVE: innovations and prospects through 2025.

user avatarGiorgi Kostiuk

18 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.