The crypto market is closing out the year with significant #Bitcoin and Ethereum options expirations and a bullish outlook heading into 2025.
Today, a record $18 billion in options expired, marking the last major expiry of the year, with Bitcoin (BTC) and Ethereum (ETH) seeing large volumes of contracts reach their conclusion.
Bitcoin and Ethereum Options Data Highlights
Specifically, a total of 150,000 Bitcoin options expired with a staggering notional value of $14.17 billion. Notably, these contracts expired with a Put-Call Ratio of 0.69.
This figure suggests that more call options were traded relative to put options, signaling that investors are leaning toward a bullish market outlook.
Meanwhile, Ethereum options saw 1.12 million expired today, with a notional value of $3.74 billion.
Despite these large expirations, the market has been relatively quiet, with no major volatility due to the overlap with the Christmas holiday. However, experts believe this lull is temporary, with significant optimism for the future.
Notably, Bitcoin is trading at $96,329, with a 0.7% uptick over the past day. Ethereum is also trading at $3,387, with a gain of less than 1% today.
Beyond this passive market today, Bitcoin has already seen strong gains in 2024. Its price more than doubled this year, rising from $42,000 to over $108K, boasting a one-year gain of 120%.
Bitcoin’s late-year rally since November set a bullish tone for the broader crypto market, benefiting others like Ethereum. This month, Ethereum set a fresh year-high above $4,100.
These strong performances in the market’s leaders have lifted sentiment, with investors and analysts increasingly optimistic about the trajectory for 2025.
