The crypto market is expected to experience volatility as $3.98 billion worth of Bitcoin and Ethereum options contracts expire. The expiration of these contracts could impact short-term price action, particularly as both assets have recently declined. Bitcoin options account for $3.4 billion, with a total of 38,566 contracts expiring, while Ethereum options amount to $581.57 million, with 189,018 contracts expiring. The maximum pain prices for Bitcoin and Ethereum options are $79,500 and $3,000, respectively. The put-to-call ratios for both assets indicate a generally optimistic market sentiment. Traders and investors should be cautious and brace for volatility, as options expirations often lead to short-term price fluctuations. The expiration of Bitcoin options at the end of the year could have a significant impact on immediate price action and future market trends. However, there are concerns about the potential end of the year Bitcoin bull run, given past patterns of bull runs ending between November and December. Bitcoin is currently trading at $87,813, representing a 2.46% decrease, while Ethereum is trading at $3,053, down by 5.43%.



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