Friday is here, and the crypto market is ready for a massive $2.5 billion Bitcoin options expiry set for today. However, market analysts are watching Bitcoin and Ethereum as the Trump tariff war intensified, with China retaliating with a 125% import tax on U.S. goods.
With such volatility and option expiring looming, will Bitcoin and Ethereum see a major price shake-up?
According to the data from Deribit, it shows that around 27,794 Bitcoin options contracts, worth roughly $2.32 billion, are set to expire today. The put-to-call ratio sits at 0.93, indicating a bullish sentiment in the market.
The critical ‘maximum pain’ price, which represents the level where most options contracts will lose value, is at $81,000. This could influence Bitcoin’s short-term price movement as traders react to these expirations.
Notably, open interest worth $1.7 billion is concentrated around the $80,000 strike price, hinting at optimism among investors betting on an upward move.
In addition to Bitcoin, Ethereum is also seeing significant options expiry today, with contracts worth $286 million set to close. A total of 204,010 Ethereum contracts are expiring, with a put-to-call ratio of 0.92.
The ‘maximum pain’ price for Ethereum is positioned at $1,700, making this a crucial level to watch.
Bitcoin and Ethereum are seeing unstable price movements due to global market tensions. The trade war between the U.S. and China has worsened, with China increasing tariffs on U.S. goods to 145%. This could make investors nervous and add more uncertainty to the market.
In the meantime, Bitcoin has recovered from a four-month low of $74.4K and is now trading around $82K.
Meanwhile, Ethereum is near $1,570 and testing a key resistance at $1,580-$1,600. If ETH breaks past this level, it could reach $1,680.
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