Key Points

• On January 10th, $2.24 billion in Bitcoin and Ethereum options will expire on Deribit.
• BTC is trading above $93,000 and ETH is trading above $3,300.

Deribit has just released the second options expiry data for January 2025 amidst a weaker market this week.

Bitcoin and Ethereum Options Expiry Data

Tomorrow, January 10, $2,24 billion in Bitcoin and Ethereum options are set to expire on Deribit at 08:00 (UTC).

$1.79 billion in BTC options will expire with a Put/Call ratio of 0.66 and a Max Pain Point of $97,000.

Also, $451 million in ETH options are set to expire with a Put/Call ratio of 0.49 and a Max Pain Point of $3,500.

Today’s expiry data for BTC and ETH options is released amidst a weak-performing market that saw both BTC and ETH prices tumble this week.

BTC is Trading Above $93,000

At the moment of writing this article, BTC is trading above $93,000, down by over 1.5% in the past 24 hours.

Earlier today, BTC dipped to $92,000 levels ahead of a bounce back above $93,000.

After kicking off the week above $102,000 on January 6th, the digital asset began a descendant trajectory on January 7, triggered by multiple factors.

Crypto market liquidations, oil prices rising as Russia and OPEC supply shrinks, and rising inflation fears, together with new potential pandemic fears are some of the factors that triggered the market collapse. Also, US stocks dropped significantly yesterday, following the CES 2025 debut.

On January 8, BTC ETFs recorded a significant outflow day at almost $583 million, SoSoValue data shows.

Ethereum also recorded a weak performance this week.

ETH is Trading Above $3,300

At the moment of writing this article, ETH is priced above $3,300, down by over 1% in the past 24 hours. Earlier today, ETH dipped to $3,200 levels before it bounced back above $3,300.

ETH peaked above $3,700 on January 6, but debuted a price decline the next day, on January 7 amidst a falling market.

Also, on January 7 and 8, ETH ETFs recorded outflows of almost $87 million and over $159 million respectively, according to SoSoValue data.

Crypto Market Maintain Confidence

However, despite the current correction which represents a good buying opportunity, Bitcoin remains surrounded by optimism as the new Trump administration approaches.

Trump promissed a Strategic BTC Reserve in the US and crypto-friendly policies that would support the market. Recently, Satoshi Act Fund’s CEO, Dennis Porter, confirmed that up to 20 Strategic BTC Reserve bills would be introduced at the state level.

Also, yesterday Glassnode noted via X that BTC’s MVRV hasn’t yet exceeded 3.2 this cycle, a threshold historically associated with market euphoria.

If BTC hits this level, prices could go above $132,000.