In 2024, Bitcoin saw a record-breaking year, surpassing $100,000 for the first time in its history. However, as the year comes to an end, Bitcoin and the cryptocurrency market are facing the largest option maturity in history. Today is the expiration date for option contracts in the crypto market, with a total of $18 billion worth of Bitcoin and Ethereum option contracts set to expire. The Put/Call Ratio for BTC options is 0.69, indicating an upward trend, while ETH options have a ratio of 0.41. The CEO of Deribit warns that the previously bullish momentum in Bitcoin has stalled, increasing the risk of a rapid downside move. The outcome of these options expirations could shape the narrative in Bitcoin as we enter the new year.



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