Crypto Market Braces for $2.5 Billion Options Expiry Amid Rising Volatility
$2.5 billion in Bitcoin and Ethereum options expire today, driving market volatility and influencing future price trends.

$2.5 billion in Bitcoin and Ethereum options expire today, driving market volatility and influencing future price trends.
Bitcoin surged to $66,000 but faces potential correction with 18,000 options expiring today. Max Pain at $63,000 suggests price pressure. Despite softer CPI data, demand for short-term downside protection remains. Long-term outlook optimistic, with growing institutional involvement, especially with CME Group's Bitcoin spot trading introduction.
Today, 18,000 Bitcoin options worth $1.23 billion expire, a smaller event than last week's $15 billion. Weakness persists in the market with $150 billion outflow. Bitcoin retreats to $66,500, Ethereum to $3,275. Altcoins show mixed performance.
Bitcoin bulls optimistic as Deribit's $15B options expiry nears. Speculation of $80,000 surge post-expiry. Current price at $70,140, with $200,000 target predicted. Cautious optimism urged amidst market volatility.
Options expiry looms, potentially bringing volatility to Bitcoin and Ether markets. Dealer hedging and significant in-the-money expiries could drive price fluctuations, particularly around $70,000. Investors should monitor closely for potential opportunities amidst increased uncertainty and choppy movements.
As Bitcoin and Ethereum options expire, a $3.4 billion event adds to selling pressure. Markets at $1.64 trillion valuation show a 0.5% gain but face downward trends. Grayscale and miner sell-offs persist, impacting Bitcoin and Ethereum prices.
The company revealed that shareholders have until January 30 to sell their shares in the VanEck Bitcoin Strategy ETF (XBTF).
Valkyrie's BTF, blending Bitcoin and Ether, shines among futures ETFs. Ether ETFs trail, while market competition and strategy evolve.
Chief financial officer André Milanez said that the product will launch within the next si months.
Ethereum futures are currently trading at a premium as investors switch from bitcoin-based products to bitcoin-based products.