The crypto market is expected to see an action-packed Friday today, with more than $10.31 billion in Bitcoin and Ethereum options set to expire. It may spur some short-term swings, which both leading cryptocurrencies lately struggle with.
Options from Bitcoin amount to $8.36 billion, while Ethereum’s expiring contracts total $1.94 billion. Such is the volume that traders get ready for some turbulence in the markets.
High-Stakes Expiry: Market Impact and Key Levels
According to Deribit, 80,179 Bitcoin contracts and 603,426 Ethereum contracts are scheduled to expire. These figures are significantly higher than last week’s expiry numbers.
Bitcoin’s maximum pain price—where most options lose value—is set at $98,000. In the meantime, Ethereum’s maximum pain level is at $3,300. The put-to-call ratios for Bitcoin and Ethereum are 0.68 and 0.43, respectively, indicating that more traders are betting on an increase in prices despite the recent dips.
Options expirations of crypto options have tended to cause short-term volatility while traders reposition. While some expect prices to move toward the maximum pain points, others remain cautious about potential price swings.
Bitcoin and Ethereum Prices Ahead of Expiry
Bitcoin changes hands for $104,299, down 0.64%, while Ethereum rose 1.04% to $3,226. With Bitcoin above its pain level and Ethereum slightly below, market makers could influence prices as expiry nears.
Traders should brace for possible fluctuations, but markets typically stabilize after options settle. How prices react in the coming days could set the tone for the weekend’s trading trends.
