BTC

$81729.005

-2.40%

ETH

$1884.605

-1.96%

XRP

$2.241

-4.68%

BNB

$633.414

0.88%

Markets

BTC Options Face $2.54B Test as Market Struggles to Recover

2 mins mins
BTC Options Face $2.54B Test as Market Struggles to Recover

Key Takeaways

  • 26,000 BTC options expiring at $2.54 billion; Put Call Ratio is 0.58.
  • Maximum pain point for BTC options is $99,500.
  • 203,000 ETH options with $560 million value; Put Call Ratio stands at 0.46.

Greeks.live researcher Adam reported BTC and ETH options are set to expire soon, with 26,000 Bitcoin options valued at $2.54 billion and 203,000 Ethereum options worth $560 million. The Put Call Ratio for BTC is 0.58, while ETH’s is 0.46. Market conditions currently exhibit weakness, with potential volatility expected due to these expirations.

Bitcoin and Ethereum Options Face Expiration Amid Market Decline

Today marks the expiration of 26,000 BTC options, valued at $2.54 billion, with a Put Call Ratio of 0.58 and a maximum pain point of $99,500.

Additionally, 203,000 ETH options are expiring, carrying a notional value of $560 million, a Put Call Ratio of 0.46, and a maximum pain point of $2,950.

These expirations reflect weak market conditions, as BTC struggles around the $100,000 level and ETH experiences a dip.

TIA Leads Gains as Bitcoin & Ethereum Options Expire

As the market reacts to the expiration of Bitcoin and Ethereum options, various key tokens showcase differing performances, as per CoinMarketCap data.

TIA leads with a 4.47% gain at $2.971, while RAY follows closely at $5.248 with a 4.32% increase. MINA, APT, and LUNC also experience positive momentum, with gains of 4.01%, 3.85%, and 3.85%, respectively.

In contrast, ILV declined by 2.54%, now priced at $20.71. ZRX, AAVE, LDO, and OKB see drops under 1.5%, while ADAUSD and BNBUSD remain stable at $0.731187 and $580.97, respectively.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Thana

07 February 2025, 02:29:24 GMT +0000

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor’s degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

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