Key Points

• Over $3.96 billion in Bitcoin and Ethereum options will expire tomorrow.
• BTC is trading above $90,000 and ETH above $3,200.

In a very bullish crypto market, over $3.96 billion in Bitcoin and Ethereum options are set to expire tomorrow, November 15, at 08:00 (UTC).

Bitcoin and Ethereum Options Expiry Details

About $3.39 billion Bitcoin options will expire tomorrow morning, with a Put/Call Ratio of 0.83 and a Max Pain point of $79,000.

Also, around $572 Ethereum options will expire with a Put/Call Ratio of 0.93 and a Max Pain point of $3,000.

Crypto options data from Deribit comes amidst a bullish crypto market that took Bitcoin to new ATHs in the past two weeks and pushed Ethereum’s price above $3,000.

Bitcoin is Trading Above $90,000

At the moment of writing this article, BTC is trading above $90,000, up by almost 4% in the past 24 hours.

Yesterday, BTC reached a new ATH above $93,400, following the latest CPI reports for October which revealed a surging inflation. However, the Bitcoin price momentum has been sustained and pushed further by increasing optimism following the US election results.

BTC’s price debuted a strong price rally on November 5 from $67,000 levels, and continued, reaching new ATHs in the past two weeks, fueled by Trump’s win and upcoming friendly regulatory perspectives for the crypto industry in the US.

Among Trump’s crypto promises, probably the most important and stringent one is creating a Strategic Bitcoin Reserve.

The crypto industry believes that this can be done in the first 100 days following the January 20 Trump Presidential Inauguration, and Senator Cynthia Lummis is pushing for the project to be implemented as quickly as possible.

BTC price surge was also boosted by the recent Fed interest rate cuts and continued flows in the US BTC ETFs.

This week alone, the crypto products saw more than $2 billion in inflows, taking the total flows since their January inception above $28 billion, according to SoSoValue data.

The total net assets locked in BTC ETFs surpassed $95 billion as of November 13.

Predictions about Bitcoin’s price are very optimistic, suggesting that BTC could reach $100,000 sooner than previously expected.

At the same time, Ethereum also recorded a continued ascendant trajectory in this bullish market.

Ethereum Is Trading Above $3,200

At the moment of writing this article, ETH is trading above $3,200, up by over 1% in the past 24 hours.

Ethereum also debuted a price rally on November 5 from $2,400 levels, reaching a peak at $3,420 on November 12.

From November 6 until yesterday, ETH ETFs also recorded continued inflows of almost $800 million. So far, the cumulative flows in ETH ETFs are over $241 million as of November 13.

Despite seeing a sluggish performance in 2024, ETH has been also picking up steam since the US elections, seeing a remarkable upward movement.

In the past 24 hours, BTC recorded over $244 million in liquidations ($108 million in long positions and $136 million in short positions), and ETH, over $87 million ($52 million in long positions and $36 million in shorts), Coinglass data shows. The entire crypto market saw $715 million in liquidations.