Key Points
- $10.85 billion in crypto options are set to expire on November 29, at 08:00 (UTC).
- Bitcoin is trading above $95,000 and Ethereum is trading above $3,600.
In a bullish market that triggered the recovery of Bitcoin’s price, $10.85 billion in crypto options will expire tomorrow, November 29, at 08:00 (UTC).
Bitcoin and Ethereum Options Expiry Data
$9.4 billion in Bitcoin options will expire tomorrow with a Put/Call Ratio of 0.83 and a Max Pain Point of $80,000, according to the latest reports from Deribit.
Also, $1.45 billion in Ethereum options will expire with a Put/Call Ratio of 0.73 and a Max Pain Point of $2,900.
Deribit released crypto options data in a crypto market that seems to recover and places Bitcoin back on track to the $100,000 mark.
Bitcoin is Trading Above $95,000
At the moment of writing this article, BTC is trading above $95,000, up by 1.45% in the past 24 hours.
On November 27, BTC hit a price above $97,000, seeing a recovery from a previous dip to $91,00 levels on November 26.
Yesterday, BTC’s price rebounded fueled by optimism in the crypto industry, inflation data, and potential upcoming Fed policy to decide on more interest rate cuts.
Recent economic data, including jobless claims and the Fed’s PCE index, have met market expectations. The newly released data has boosted the market’s confidence in an upcoming potential interest rate cut in December.
The Fed Watch Tool is currently showing a probability of 70% for a rate cut of 25 bps on December 18, while the probability for a 50 bps rate cut is now 30%, according to the same data.
The $100,000 mark for Bitcoin remains an important target for the market and optimistic analysts project a strong 2025 rally driven by the following factors:
- Global money supply growth
- Dollar weakness
- Trump administration and friendlier policies for crypto
While BTC seems to be back on track to hit $100,000, Ethereum also recorded an upward trajectory during the last few days.
ETH is Trading above $3,600
At the moment of writing this article, ETH is trading close to $3,620, up by almost 5% in the last 24 hours.
ETH saw an ascendant trajectory from $3,263 on November 26, topping $3,685 earlier today. Unlike BTC, ETH still hasn’t been able to reach its previous ATH recorded on November 12, 2021, above $4,700.
However, the market remains optimistic, especially regarding Bitcoin but the other digital assets as well, considering the factors mentioned above.
