Bitcoin Option $2.1 Billion Expire Rattles Holiday Calm as Crypto Hits Tense Thresholds

Roughly $2.1 billion in Bitcoin and Ethereum options face imminent expiration, raising tension amid holiday trading. Key strikes at $98,000 and $3,700 draw scrutiny as market makers recalibrate. With liquidity dwindling, crypto markets mirror U.S. equity volatility, pushing traders into high-stakes territory.

Bitcoin Options Expiry: $2.1 Billion Set for Friday Deadline

Crypto options trading platform reports that almost $2.1 billion worth of Bitcoin options are scheduled to expire on Friday.

The current put-call ratio is 0.83, which is calculated by comparing the total volume of call options to put options. The current situation favors bulls, as there are more call options than put options.

At the maximum pain point of $98,000, the vast majority of options are scheduled to expire worthless.

Ethereum Traders Eye $640 Million Options Deadline

Also, today is the last day to exercise $640 million worth of Ethereum (ETH) options. With a put-call ratio of 0.83, traders appear to be more optimistic about Ethereum than Bitcoin. It seems that the most crucial level for both bulls and bears is $3,700.

Around the moment, Ethereum (ETH) is selling around $3,920 per coin, while Bitcoin is just above $100,000, U.Today shares.

Market makers are reportedly rebalancing their holdings in preparation for the holiday season, when trade volumes often fall sharply (Greeks.live). Due to limited liquidity, US equities may end up with more volatility. Rising implied volatility (IV) has traders anticipating more focused films.

U.S. Equities and Crypto Prices Show Growing Correlation

Another thing the site has noticed is that the US stock market is starting to have a bigger impact on cryptocurrency values. Cryptos may so experience the same kind of volatility as stocks.

So, to protect themselves from potentially disastrous market swings over the holidays, a lot of traders are turning to options.

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