Bitcoin options make up most of the expiring contracts, totaling $2.88 billion, while Ethereum options account for $417 million. According to Deribit data, 35,176 Bitcoin options will expire, compared to 29,005 last week. The put-to-call ratio stands at 0.74, with a max pain point of $86,000. This suggests a generally bullish outlook despite Bitcoin’s recent pullback from $90,000.
For Ethereum, 220,301 options are set to expire, slightly down from last week’s 223,395. With a put-to-call ratio of 0.69 and a max pain point of $2,100, ETH’s price could also see some movement.
Since the contracts expire at 8:00 UTC, Bitcoin and Ethereum prices could be heading towards their max pain points. Bitcoin is currently at $81,992, and Ethereum is at $1,891.
Market analysts expect volatility to cool after the settlement. However, the large-scale expirations could still keep the market on edge. Inflation and American tariffs are quoted by some experts as having a larger impact on the market than geopolitics. Others say there has been a shift in the crypto trading strategy, with traders rebalancing based on existing price dips and bulges.
With so much money at stake, the next few hours may prove to be make-or-break for crypto investors.
