Approximately $3 billion worth of Bitcoin and Ethereum options are set to expire today, creating anticipation in the crypto market. The expiry of these options often leads to price volatility. The put-to-call ratios for both Bitcoin and Ethereum are below 1, suggesting optimism in the market. Bitcoin has reclaimed the $100,000 milestone, potentially driven by anticipation of President-elect Donald Trump's presidency and expectations of no rate cuts. Short-term option implied volatility has risen, and analysts advise purchasing short-term options. The trading behavior of different regions also affects Bitcoin's price, reflecting the global interplay in cryptocurrency markets. At the time of writing, Bitcoin was trading at $101,187.



Other News from Today