Yesterday's record-breaking $25 billion scale (Bitcoin $14.38 billion, Ethereum $3.7 billion) options contracts expired, which may stir up a huge wave in the market.
The surge in Bitcoin and Ethereum options contracts reflects unprecedented trading enthusiasm.
The Bitcoin put/call ratio is 0.69, indicating a warming market confidence, while the Ethereum ratio has dropped to 0.41, with strong expectations for price increases.
Currently, the trading prices of Bitcoin and Ethereum are both above the maximum pain point, and options holders may face greater loss risks, leading to increased market volatility.
As hedging demand rises, the Bitcoin P/C ratio has increased in the fourth quarter, with bullish sentiment for Ethereum soaring.
This unprecedented scale of options expiration may set the tone for market trends in 2025.
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