Approximately $2.04 billion worth of Bitcoin and Ethereum options are set to expire, leading to anticipation in the crypto market due to the potential for price volatility. Bitcoin options with a notional value of $1.62 billion and a maximum pain point of $98,000 are expiring, while Ethereum options with a notional value of $421.97 million and a max pain point of $2,700 are also expiring. At the time of writing, Bitcoin trades at $98,215 and Ethereum trades at $2,746. The put-to-call ratios suggest a prevalence of purchase options over sales options. However, the max pain theory suggests that prices could gravitate towards their respective strike prices as the expiration time nears. Analysts note a cautiously bearish sentiment in the market with low volatility frustrating traders, and traders closely monitoring key price points. Bitcoin is trading above a critical demand zone between $93,700 and $91,000, with a key supply zone positioned at around $103,991. BTC has formed lower highs and lower lows, indicating a short-term bearish trend, but recent price movements hint at a possible reversal. The RSI is currently indicating neutral momentum. If Bitcoin holds above the $93,700 support zone, it may attempt to reach the $100,000 milestone, while a breakdown below $91,000 could trigger a move lower.



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