Tomorrow morning, $2.53 billion in Bitcoin and Ethereum options are set to expire on Deribit amid a volatile market.
Bitcoin and Ethereum Options Expiry Data
Deribit announced that at 08:00 (UTC), $2.16 billion in Bitcoin options will expire with a Put/Call Ratio of 1.27 and a Max Pain Point of $85,000. Also, $371 million in Ethereum options will expire with a Put/Call Ratio of 1.31 and a Max Pain Point of $1,850.
Bitcoin Price Trajectory
At the moment of writing this article, BTC is trading above $83,000, down by 1% in the past 24 hours. Bitcoin’s price dropped from over $87,000 to $82,000 levels today, before a rebound above $83,000 earlier. Bitcoin’s price drop on April 2 came following Trump’s tariffs announcement which led to a drop in traditional markets and crypto markets as well.
Ethereum Price Trajectory
At the moment of writing this article, ETH is trading above $1,800, down by over 2% in the past 24 hours. ETH’s price dropped from over $1,940 on April 2 to $1,700 levels earlier today, before rebounding to current levels over $1,813. Despite the recent volatility in the markets, the crypto industry maintains optimism amidst continued institutional and retail interest in crypto, continued global adoption, and expectations about the US Fed’s upcoming remarks about the US economy.
The upcoming options expiry and ongoing market volatility highlight the importance of positioning, potentially affecting future price movements of Bitcoin and Ethereum. Expectations about US Fed policies and ongoing cryptocurrency adoption could play a key role in future market dynamics.
