$2.2 Billion in Bitcoin and Ethereum Options Expiring Amid Supreme Court Ruling
- Approximately $2.2 billion in options for Bitcoin and Ethereum will expire on Deribit tomorrow at 08:00 UTC.
- The nominal value of Bitcoin options expiring is around $1.84 billion, with a put-to-call ratio of approximately 1.05.
- The max-pain point for Bitcoin is near $90,000, while open interest shows many put positions below $85,000.
- Ethereum options have a notional value of about $384 million with a put-to-call ratio of approximately 0.89, indicating bullish sentiment.
- The U.S. Supreme Court is expected to rule on Trump-era tariffs on January 9, impacting market conditions significantly.
The expiration of these options could influence short-term price movements in the crypto market, particularly as traders anticipate the Supreme Court’s decision regarding tariffs that may affect economic conditions.
With Bitcoin likely to remain pinned near $90,000 until contract expiry and Ethereum showing potential for gains post-expiry, these developments are crucial for traders to monitor closely.(Source)
