According to a recent update by Greek.Live analyst Adam, the crypto market experienced significant activity as 150,000 BTC options expired today. This event recorded a Put Call Ratio of 0.69 and a max pain price of $85,000, translating to a notional value of approximately $14.17 billion. Alongside this, around 1.12 million ETH options also reached expiration with a Put Call Ratio of 0.41, having a max pain price set at $3,000, amounting to a notional value of $3.74 billion. As the annual expiration culminates today, the overall interest in the market has been tempered due to the holiday season.
Despite the current market’s subdued activity, Bitcoin surged beyond double-digit percentage gains throughout December 2024. The optimism surrounding Bitcoin is primarily fueled by expectations of a bullish 2025, especially with the anticipated policies of newly inaugurated President Trump, regarded as the most crypto-friendly leader. Additionally, influential figures in the crypto space, like Elon Musk, are expected to heighten interest and investment in cryptocurrencies.
Historically, the conclusion of the year often leads to significant shifts within the crypto landscape, suggesting upcoming sector rotations. Investors and market analysts are hopeful that innovative products will emerge, further invigorating the crypto bull market. The potential for a robust wealth effect in the coming months suggests that mainstream cryptocurrency could see a substantial rise in value and adoption.
Source: https://en.coinotag.com/breakingnews/bitcoin-sees-14-17-billion-in-options-expire-amid-optimism-for-2025-bull-market/