The crypto market is expecting the expiration of $2.639 billion worth of Bitcoin and Ethereum options contracts today, which could impact short-term price action. Bitcoin options are valued at $1.9 billion, while Ethereum options are valued at $712 million. The number of expiring contracts has decreased compared to the previous week due to the end-of-year options expiry. The maximum pain points (strike prices) for Bitcoin and Ethereum options are $97,000 and $3,400, respectively. Despite the ongoing struggle for Bitcoin to reclaim the $100,000 milestone, the sentiment is generally bullish for both cryptocurrencies. Traders and investors should anticipate volatility as options expirations often cause short-term price fluctuations. The price is expected to gravitate towards the strike prices, potentially resulting in a modest increase for Bitcoin and a slight drop in Ethereum's price. However, markets usually stabilize soon after the expiration as traders adapt to the new price environment.



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