Massive Crypto Chaos: $2.5B Options Expiry Shakes Markets

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Yes, it’s Friday, and apparently the universe thought, “Hey, let’s casually unleash a $2.5 billion Bitcoin options expiry today.” Because who doesn’t love a little financial suspense right before the weekend? Meanwhile, the charming Trump-vs-China tariff saga roars on, with China graciously whacking a 125% import tax on U.S. goods. 🤷‍♀️

With such dazzling drama unfolding, everyone wonders: are Bitcoin and Ethereum about to perform a glorious pirouette or suddenly faceplant?

Bitcoin $2.3 Billion Option To Expire Today

According to Deribit, around 27,794 Bitcoin options contracts—worth a modest $2.32 billion—are wrapping up today. The put-to-call ratio is at 0.93, signaling that some traders are brimming with optimism (or delirium, it’s hard to tell). And behold the “maximum pain” price at $81,000, the mystical zone where most contracts fizzle like day-old champagne.

Also, open interest of about $1.7 billion is locked at the $80,000 strike. Clearly, some people are throwing confetti at Bitcoin’s potential to go sky-high. 🎉

Ethereum Options: $286 Million Expiry

Over on the Ethereum side, we have $286 million worth of contracts closing today—204,010 of them, if you’re counting. The put-to-call ratio is a perky 0.92, with the “maximum pain” price stalking $1,700. Will ETH rise like a majestic phoenix, or just shrug and say, “Meh”? We wait with bated breath. 😏

Market Volatility Ahead?

Adding fuel to this crypto bonfire, the U.S.-China trade spat has escalated, with China now sporting a 145% tariff on American products. Investors might be clutching their pearls as global uncertainty whips the market back and forth.

Still, Bitcoin has heroically crawled up from a low of $74.4K to about $82K. Meanwhile, Ethereum is parked around $1,570, eyeing that $1,580-$1,600 zone like a cat ready to knock a glass off the table. If it surges past, we might just see a hop to $1,680. 🤞

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2025-04-11 17:52