Bitcoin and Ethereum options with a combined notional value of over $2.6 billion expired on Friday, marking the first weekly options delivery of 2025. While traders remain optimistic, analysts at Greeks Live identify a theme of correction in the crypto markets. BTC and ETH prices are hovering around key support levels after a holiday dip.
Bitcoin and Ethereum options, with a notional value of $1.93 billion and $710 million respectively, expired on Friday. Analysts at Greeks Live identify the theme of the market as that of correction even as traders in the US remain optimistic about expectations for 2025. Bitcoin and Ethereum corrected slightly on the day, hovering around key support levels. Bitcoin and Ethereum options that expired on Friday have a combined notional value of over $2.6 billion.
20,000 BTC options expired with a Put Call Ratio of 0.69, a Maxpain point of $97,000 and a notional value of $1.93 billion. 206,000 ETH options expired with a Put Call Ratio of 0.81, a Maxpain point of $3,400 and a notional value of $710 million. Today is… pic.twitter.com/elnRBDRTsy — Greeks.live January 3, 2025 In less than three weeks from now, President-elect Donald Trump will be back in the Oval Office and his return has traders anticipating positive developments for blockchain and crypto.
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