The market is concluding 2024 with the largest Bitcoin options expiry ever, totaling $18 billion in Bitcoin and Ethereum contracts. This event signals potential excitement and surprises for traders and investors. The Bitcoin options expiry includes 88,537 contracts, four times more than the previous week, while Ethereum options total 796,021, 4.5 times higher than before. The expiring Bitcoin options are valued at a record $14.38 billion, with Ethereum options at $3.7 billion. The increasing value of expiring options indicates traders' profit expectations and demand for risk hedging. Both Bitcoin and Ethereum have specific maximum pain prices and put-to-call ratios, reflecting market sentiment and hedging activities. Analysts are closely watching this expiry to gauge market direction as 2025 approaches. It is essential for readers to verify information independently before making any decisions based on this news. Read more AI-generated news on: https://app.chaingpt.org/news

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