Over $5 Billion in Bitcoin and Ethereum Options Expiring Amid Recent Crypto Price Pressure
-
Around 93,600 Bitcoin options contracts, worth $3.4 billion, are expiring on January 26. This is a much larger expiry than last week.
-
The put/call ratio for the expiring options is 0.51, meaning there are more calls than puts. However, the short-term trend is down.
-
In addition, 931,610 Ethereum options contracts worth $2.07 billion are expiring. The ETH put/call ratio is more skewed to calls at 0.31.
-
Crypto markets overall are up slightly, but Bitcoin and Ethereum prices have been under selling pressure recently from entities like Grayscale and miners.
-
Celsius moving large amounts of ETH to exchanges could add further downward pressure on Ethereum prices.