The crypto market is closing out the year with significant Bitcoin and Ethereum options expiring and an optimistic outlook for 2025.
Today, a record $18 billion in options expired, marking the last major expiration of the year, with Bitcoin (BTC) and Ethereum (ETH) seeing large amounts of contracts complete.
Bitcoin and Ethereum options data highlights
Specifically, a total of 150,000 Bitcoin options expired with a staggering notional value of $14.17 billion. Notably, these contracts expired with a put-call ratio of 0.69.
This number suggests that more call options were traded compared to put options, indicating that investors are leaning towards a bullish market outlook.
Meanwhile, 1.12 million Ethereum options with a notional value of $3.74 billion expired today.
Despite these large expirations, the market was relatively calm and there was no major volatility due to the overlap with the Christmas holidays. However, experts believe that this lull is only temporary and are looking to the future with great optimism.
Notably, Bitcoin is trading at $96,329, up 0.7% over the last day. Ethereum is also trading at $3,387 today, up less than 1%.
Beyond this passive market, Bitcoin has already seen strong gains in 2024. Its price has more than doubled this year, rising from $42,000 to over $108,000, a one-year gain of 120%.
Bitcoin’s late-year rally since November gave the broader crypto market an upside that benefited others such as Ethereum. This month, Ethereum hit a new annual high of over $4,100.
These strong performances from market leaders have lifted investor and analyst sentiment…
