U.Today – Significant option contracts have expired, bringing the total notional value of the crypto market to a whopping $2.7 billion. In the coming days, traders and investors may readjust their positions, leading to price fluctuations. There were a total of 21,000 Bitcoin option contracts and the put/call ratio closed at 0.83.
At $98,000, the option holder experienced its biggest problem, the price at which it suffered the most losses. This is very consistent with Bitcoin's recent price stabilization around the psychological level of $100,000. The price chart shows that bullish momentum still exists as Bitcoin is still trading above key support levels such as the 50 EMA.
However, trading volumes appear to have tapered off a bit, perhaps because market activity is traditionally low due to holidays in the US and Europe. We may see another test of support near $95,000, but a break above $102,000 could reignite optimism. A total of 164,000 option contracts expired on Ethereum with a put/call ratio of 0.68 and a maximum pain point of $3,700.
Ethereum’s price chart shows a consistent recovery from the 26 EMA, indicating that buyers are entering at a key point. The fact that ETH has recovered from its recent decline despite the expiry date indicates growing demand. However, reduced trading activity due to the holiday season may limit immediate price movement to the $3,500 to $3,900 range. Markets have traditionally seen temporary volatility after option expirations as traders liquidate or modify their positions.
This dynamic and reduced trading volume during the holiday season can lead to consolidation and erratic price movements. Expired maximum pain points ($98,000 for Bitcoin and $3,700 for Ethereum) serve as important reference levels, but reduced trading activity could postpone any significant trend change. be. Traders should be on the lookout for deviations from these levels, as they may reveal information about the direction of the market in 2025.
This article was originally published on U.Today
