CandleFocus

$2.7 Billion in Bitcoin and Ethereum Expired: What's Next?

Significant options contracts for Ethereum and Bitcoin have expired, with a total notional value of $2.7 billion. This may lead to price fluctuations as traders and investors realign their positions. The put/call ratio for Bitcoin options contracts was 0.83 with a maximum pain point at $98,000, consistent with recent price consolidation around $100,000. The trading volume has decreased, likely due to lower market activity during the holidays. For Ethereum, 164,000 options contracts expired with a put/call ratio of 0.68 and a maximum pain point at $3,700. Despite the expiration, ETH has shown a recovery from recent declines, indicating rising demand. Price movements might be limited to a range of $3,500-$3,900 due to reduced holiday trading activity. Any significant trend changes may be delayed due to decreased trading activity. Traders should monitor any departures from the expired maximum pain points for insights into the market's direction in 2025.

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