Today, around USD 3 Bit worth of Bitcoin (BTC) and Ethereum (ETH) options will expire, creating significant anticipation in the cryptocurrency market.

These upcoming cryptocurrency options expirations occur ahead of the inauguration week of President-elect Donald Trump. Bitcoin is leading the growth trend by reclaiming the USD 100,000 mark.

Over USD 2.8 Bit worth of Bitcoin and Ethereum options set to expire

According to Deribit data, 21,664 Bitcoin contracts, with a notional value of around USD 2.2 Bit, will expire today. The put-call ratio of Bitcoin is 0.94.

The maximum pain point — the price level that would inflict the greatest financial loss on the largest number of holders — is USD 96,000. Here, most contracts will expire worthless.

Similarly, the cryptocurrency market will witness the expiration of 182,454 Ethereum contracts, with a notional value of USD 612.2 Bit. The put-to-call ratio for these upcoming Ethereum options is 0.36, with a maximum of USD 3,250.

Option expirations often lead to significant price volatility, which makes traders and investors closely monitor the developments today. The put-call ratio below 1 for both Bitcoin and Ethereum indicates optimism in the market. This suggests that many traders are betting on price increases, reflecting a positive market sentiment.

Bitcoin's move to reclaim the USD 100,000 level is in line with the current market optimism. Meanwhile, analysts at Greeks.live believe this sentiment is due to expectations for Donald Trump's presidential term, as he has promised to become the "Bit President", potentially positively impacting industry policies.

FOLLOW US ON FACEBOOK | TELEGRAM | TWITTER