Bitcoin and Ethereum Options Nearing

Bitcoin and Ethereum Options Nearing $1.54 Billion Expiry Ahead of ETF Deadline

Bitcoin and Ethereum options nearing a $1.54 billion expiry ahead of the most important event ETF deadline. This expiration emphasizes the importance of the upcoming market movements.

BTC and ETH nearing $1.54B expiry ahead of ETF Deadline

As the cryptocurrency market anticipates a central moment, with the approaching deadline for Bitcoin spot exchange-traded Fund (ETF) approvals, options traders are closely observing an imminent expiration of a substantial $1.54 billion.

According to a January 5 tweet from Greeks. live, it was disclosed that 22,000 Bitcoin (BTC) options, valued at $960 million, and 255,000 Ethereum (ETH) options, valued at $580 million, are scheduled to expire.

The Bitcoin options market indicates a Put Call Ratio of 0.62, suggesting a slight inclination toward bearish sentiment. The Maxpain point, the price minimizing the total value of all options, is set at $43,500.

Conversely, the Ethereum options market displays a Put Call Ratio of 0.54, with a Maxpain point at $2,300. The significant notional value of these expirations underscores the importance of the upcoming market movements.

In the midst of this, recent price movements reflect a mixed yet cautiously optimistic sentiment. Bitcoin is presently trading at $43,871, marking a 1.54% increase over the last 24 hours, following a week of notable volatility.

Ethereum is priced at $2,243, reflecting a 0.66% uptick in the same period. The global crypto market cap stands at $1.66 trillion, experiencing a 1.08% increase over the last day.

Amidst Buzz Surrounding ETFs and Market Volatility

This development unfolds after a tumultuous week for the crypto market, characterized by a significant sell-off triggered by rumors of the potential failure of the Bitcoin spot ETF approval.

This resulted in the liquidation of a substantial amount of high leverage accumulated in the previous period, leading to heightened volatility. Short-term Implied Volatility (IV) has surged, reaching 80% or more, reflecting intense speculation and uncertainty.

As the cryptocurrency community awaits the Bitcoin ETF decision, expected to be finalized soon, the options market appears intricately linked to the fate of these financial products.

Current funding rates and leverage levels suggest that the dramatic volatility witnessed this week may not replicate in the near term.

In the broader context, the race for the coveted Bitcoin spot ETF approval involves 12 issuers, with industry giants like BlackRock, Fidelity, Grayscale, and Franklin Templeton in contention. Speculation is abound regarding the U.S. Securities and Exchange Commission’s (SEC) potential approval of multiple Bitcoin spot ETF applications today.

Nevertheless, the industry faces the challenge of a historically cautious SEC, which has previously rejected such applications citing concerns about market manipulation vulnerability.

As the cryptocurrency market treads through this critical period, with significant options expirations and the imminent decision on ETF approvals, it remains on edge, shaping the market’s trajectory in the days ahead.


To conclude, the cryptocurrency market stands at a pivotal juncture as it observes the forthcoming expiration of $1.54 billion BTC and ETH in options alongside the eagerly awaited decision on Bitcoin spot ETF approvals, influencing market sentiment and trajectory in the days ahead. The intricate interplay between options expirations, regulatory decisions, and recent market volatility emphasizes the highly anticipated and strategic considerations within the crypto community.

Note: It’s a research based article not a financial advice.

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