$18 billion in Bitcoin and Ethereum options expire today: Market braces for big moves
On December 27, 2024, the cryptocurrency market witnessed a record expiry of $18 billion in $BTC and $ETH options, signaling increased trader interest and potential market volatility. Bitcoin's put/call ratio stood at 0.69, indicating bullish sentiment, while Ethereum's ratio dropped to 0.41, reflecting growing optimism among traders. With both BTC and ETH trading above their maximum pain prices, the market is poised for significant movements as leveraged positions may trigger sharp price changes.