Key Points

• December 13 crypto options expiry data is released in a bullish market.
• BTC is trading above $100,000 and ETH, above $3,900.

Bitcoin and Ethereum options expiry data is released amidst a bullish market that sent Bitcoin above $100,000 yesterday.

$2.7 Billion in Crypto Options Expire Tomorrow

Deribit noted in a new post via X that $2.7 billion in Bitcoin and Ethereum options are set to expire tomorrow morning.

A total of $2.1 billion in Bitcoin options will expire with a Put/Call Ratio of 0.83, and a Max Pain point of $98,000.

Also, $622 million in Ethereum options will expire with a Put/Call Ratio of 0.7 and a Max Pain point of $3,700.

Deribit also noted that Bitcoin and Ethereum max pain levels continue to climb compared to previous options’ expiry data.

Tomorrow’s crypto expiry data is released in a bullish market that pushed Bitcoin close to its previous ATH above $100,000.

Bitcoin Trades Above $100,000

At the moment of writing this article, BTC is trading above $100,000, up by over 2% in the last 24 hours.

The digital asset’s market cap is $1.99 trillion and BTC is getting ready to overtake Google’s 6th position in terms of largest assets by market cap in the world.

Bitcoin’s recent price rally was fueled by the latest CPI report which showed rising inflation in the US, in line with economists’ expectations, and the surging odds for a December 18 25 bps interest rate cut by the Fed.

Other factors triggering BTC’s surge include continued inflows in BTC ETFs and optimism stemming from the upcoming Trump administration in 2025 which will bring crypto-friendly policies.

Unlike Bitcoin, Ethereum has not been able to reach a new ATH this year, and it’s now trading below $4,000. However, in the past 24 hours, ETH performed better compared to BTC.

Ethereum Trades Above $3,900

At the moment of writing this article, ETH is trading above $3,900, up by over 5% today.

ETH’s market cap is currently above $472 billion.

Regarding ETH ETFs, since November 22, the crypto products recorded continued inflows, and as of December 12, the cumulative total net flows in the crypto products reached $1.97 billion, according to SoSoValue data.

The crypto market remains optimistic at the end of 2024, with high expectations from the next year, triggered by optimism and huge achievements in the industry throughout this year.