• 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

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

6 minutes ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

6 minutes ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

6 minutes ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

7 minutes ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

7 minutes ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

14 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.