What Do Bitcoin and Ethereum Options Show? Is the Target for BTC $105,000? - Coin Bulletin

Today, as we end the second week of January, $2.8 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are expiring.

According to the data from one of the largest exchanges, Deribit, a total of 22,000 Bitcoin contracts worth a total of 2.19 billion dollars will expire today. The put-call ratio of these options is 0.95, while the max pain level is $96,000.

Max pain is the strike price with the highest number of open option contracts. This price is the one that would cause the greatest number of option holders to suffer financial losses when the options expire. The put-call ratio shows the ratio of call options to put options in the market.

In addition to Bitcoin, the expiration of more than 182,000 Ethereum contracts worth over $610 million is also approaching. The put-call ratio of these contracts is 0.36, and the max pain level is $3,250.

US Markets and Effects

There has been an increase in short-term volatility rates of options. Experts note that the $105,000 target for Bitcoin has gained stronger momentum in the short term. The upcoming inauguration of the new US President, Donald Trump, is raising market expectations about whether positive regulations will be made for cryptocurrencies.

In recent days, signs of recovery are also seen in the US stock markets. No interest rate cut is expected at the end-of-month interest rate meeting, but potential policy changes by the new government and capital flows towards crypto-focused ETFs are closely monitored.

For those interested in investing in short-term options, market dynamics can be shaped by Trump's possible policies and macroeconomic developments.