2024

Bitcoin

<p>The post <a href="https://coinpedia.org/news/crypto-options-expiry-bitcoin-holds-above-40k-ahead-of-u-s-gdp/">Bitcoin Braces for $5.8 Billion Options Expiry; Here’s What to Expect</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin (BTC)</a> is gearing up for a critical moment as crypto options worth $5.82 billion are set to expire tomorrow. As of Thursday’s European trading hours, Bitcoin maintains a position above $40,000, with $3.75 billion worth of BTC options and $2.07 billion worth of ETH options in the spotlight.</p> 
<p>How could this development impact you? Let’s explore. </p> 
<h2 class="wp-block-heading" id="h-awaiting-d-day-bitcoin-faces-options-expiry">Awaiting D-Day: Bitcoin Faces Options Expiry</h2> 
<p>The spotlight turns to Deribit, the world’s largest crypto options exchange, where Friday’s impending expiry involves a hefty $3.75 billion in BTC options and $2.07 billion in ETH options. Impressively, this constitutes over 85% of the global activity.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ExpiryUpdate?src=hash&amp;ref_src=twsrc%5Etfw">#ExpiryUpdate</a><br><br>Tomorrow, $5.82 billion in crypto options is set to expire <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>BTC Options Notional Value: $3.75 billion <br>Put/Call Ratio: 0.52 Max <br>Pain Point: 41,000 <br><br>ETH Options Notional Value: $2.07 billion <br>Put/Call Ratio: 0.31 <br>Max Pain Point: 2,300 <br><br>DVOL: 45.9<br><br>Monthly… <a href="https://t.co/VWE848tWtN">pic.twitter.com/VWE848tWtN</a></p>— Deribit (@DeribitExchange) <a href="https://twitter.com/DeribitExchange/status/1750445918472839487?ref_src=twsrc%5Etfw">January 25, 2024</a>
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<p>Leading up to this critical moment, there’s a discernible market rebound from the initial impacts of the ETF introduction and GBTC unwind. Despite challenges, traders are strategically shifting from January expiry contracts to February, indicating a calculated response to market conditions.</p> 
<p>At present, <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*115xjc*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcwNjE2NTM4Ni44NC4xLjE3MDYxODkxMjkuMC4wLjA.">Bitcoin</a> stands resilient at $39,870, showcasing stability ahead of the U.S. fourth-quarter gross domestic product (GDP) data release and a substantial $5.8 billion crypto options expiry on Deribit.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-price-at-risk-of-dropping-to-10k-if-this-happens/">Bitcoin Price At Risk Of Dropping To $10k If This Happens</a></p> 
<h2 class="wp-block-heading" id="h-key-economic-indicators">Key Economic Indicators </h2> 
<p>Contrastingly, the dollar index, gauging the greenback’s value against major fiat currencies, remains static at around 103.70. Meanwhile, traders are keenly monitoring the highly-anticipated U.S. fourth-quarter GDP data, anticipated to reveal a 2% seasonally adjusted annualized pace, down from 4.9% in Q3.</p> 
<p>Market sentiment is in flux as traders reassess the likelihood of early Fed rate cuts amidst the ongoing inflationary crisis. Notably, Fed funds futures currently indicate a 50% chance of a Fed rate cut in March, a notable shift from the 80% probability observed just a month ago.</p> 
<h2 class="wp-block-heading" id="h-option-pain-points">Option Pain Points</h2> 
<p>Highlighting critical levels, the max pain point for Bitcoin’s January expiry options is identified at $41,000, while Ether’s is at $2,300. This represents the point at which options buyers face the highest potential losses on expiry, a crucial factor for strategic decision-making by traders.</p> 
<p>As the crypto market approaches the U.S. GDP release and the consequential options expiry, closely monitored by traders, the potential impact on both Bitcoin and Ether prices becomes increasingly evident.</p> 
<p>Read More: <a href="https://coinpedia.org/news/ether-options-indicate-bearish-sentiment-amid-bullish-predictions/">Is Ether Headed Lower? Short-Term Bearishness Grips Options Market</a></p> 
<p><strong>We’re rife with anticipation. Are you?</strong></p>

Bitcoin Braces for $5.8 Billion Options Expiry; Here’s What to Expect

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