$3.17B in Bitcoin and Ethereum Options Expire Tomorrow

Key Points

Around $3.17 billion in crypto options are set to expire tomorrow at 08:00 (UTC).
BTC is trading at $98,000 and ETH above $3,100.

The latest reports from Deribit reveal that a significant amount of crypto options will expire tomorrow, November 22, potentially triggering volatility in the crypto market.

$3.17 Billion in BTC and ETH Options Will Expire

On Friday, almost $3.2 billion in Bitcoin and Ethereum options will expire at 08:00 (UTC).

Deribit revealed earlier today that $2.67 billion Bitcoin options will expire tomorrow with a Put/Call Ratio of 1.05, and a Max Pain Point of $85,000.

Deribit - BTC options expiry data — Deribit – BTC options expiry data

Also, Ethereum options of $499.5 million will expire with a Put/Call Ratio of 0.63 and a Max Pain Point of $3,000.

Deribit - ETH options expiry data — Deribit – ETH options expiry data

The options expiry data reveals a significant amount which means that the markets could see volatility. However, so far the crypto markets are fueled with massive amounts of optimism which pushes Bitcoin to reach one ATH after another.

Bitcoin Hit a New ATH Above $98,000

At the moment of writing this article, BTC is trading at $98,000, up by almost 5% in the past 24 hours. A few minutes earlier, the coin reached a new ATH above $98,000.

Now, the digital asset has a market cap of $1.94 trillion, reaching closer to taking Amazon’s place in the Top Assets by Market Cap in the world. Now, BTC is positioned in the 7th spot on this important list.

Bitcoin’s impressive rally debuted in full force around the US elections on November 5, and since then, it continued, fueled by multiple factors. Trump’s upcoming friendlier policies towards crypto and the changes set to take place in Washington in 2025 continue to fuel the price surge of BTC.

Also, the continued inflows in BTC ETFs and the launch of BTC ETF options are signaling increased institutional interest and adoption.

And, most importantly the prospects of National BTC Reserves in the US and other countries is another essential factor to consider as injecting the markets with more optimism. All these elements mentioned above are creating the perfect scenery for BTC to hit $100,000 soon.

Ethereum Trades Above $3,100

ETH is currently trading above $3,100, up by 1.5% in the last 24 hours. The digital asset was not as successful as Bitcoin, seeing more increased volatility recently.

Today, the coin recorded a significant price surge from $3,035 levels to the current price. Unlike BTC ETFs which recorded continued inflows this week, ETH ETFs saw only outflows since November 14, signaling a decreased institutional interest.

However, the overall crypto market is filled with optimism, stemming mostly from Trump’s support for crypto and the hope for a great 2025 for the entire industry.