On July 25, a significant quantity of Bitcoin and Ethereum options will expire on Deribit. The crypto expiration comes amidst an already volatile crypto market.
Deribit’s BTC and ETH Options Expiry Data
On July 24, in a post via X, Deribit announced that more than $15.4 billion in Bitcoin and Ethereum options will expire on July 25, marking a significant expiration, following June’s H1’s $17 billion options expiry.
Later today, over $12.66 billion in BTC options will expire with a Put/Call Ratio of 0.88 and a Max Pain Point of $112,000.
Also, $2.75 billion in ETH options will expire with a Put/Call Ratio of 0.87 and a Max Pain Point of $2,800.
As Deribit also noted, this is a big test for the crypto market, and we’ll see how it will react. There’s been recent volatilty on the market, especially for Bitcoin, since July 24.
Bitcoin and Ethereum Price Trajectories
BTC and ETH price actions on July 25:
BTC Price Action
At the moment of writing this article, BTC is trading in the red, and the digital asset is priced above $115,000.
The digital asset debuted a descendant trajectory on the evening of July 24, when a 14-year-old dormant whale, which woke up yesterday, started selling BTC, according to official reports.
Data from ai_9684xtpa’s post via X, revealed that over the past 12 hours, 14,273 BTC belonging to the whale were deposited in batches into various exchanges by Galaxy Digital. The amount translates into more than $1.67 billion.
The data indicates that this was a “real sell off” according to the same notes, with Binance BTC spot trading seeing more than 10,000 BTC traded today. Also, Galaxy Digital withdrew some USDT from exchanges after depositing BTC.
ETH Price Action
ETH, on the other hand, recorded a better price action on July 25. At the moment of writing this article, ETH is trading in the green and it’s priced above $3.600, up by more than 2% in the past 24 hours.
ETH’s price is supported by multiple factors, including continued institutional interest, mirrored by continuous inflows in ETH ETFs in the US since July 3.
Despite the recent volatilty, the crypto market maintains optimism, especially due to rising global adoption, clearer regulation in the US, and other factors.
