Key Points
- Over $3.56 billion in Bitcoin and Ethereum options expire on July 4th on Deribit.
- BTC trades above $109,000 and ETH trades near $2,600 on July 3rd.
Deribit released the Bitcoin and Ethereum options expiry data for July 4th amidst a bullish market. The general crypto market is up by more than 3% on July 3rd.
Deribit's Bitcoin and Ethereum Options Expiry
On July 3rd, Deribit shared a post on X, revealing that over $3.56 billion in Bitcoin and Ethereum options expire on July 4th.
$2.98 billion in BTC options will expire with a Max Pain Point of $106,000 and a Put/Call Ratio of 1.01. Also, $584 million in Ethereum options will expire with a Put/Call Ratio of 1.28 and a Max Pain Point of $2,500.
Deribit released tomorrow's BTC and ETH options expiry data amidst a bullish market in which both BTC and ETH are making upward moves.
Bitcoin and Ethereum Price Trajectories on July 3rd
Here are the price actions for BTC and ETH:
BTC Price Action
At the moment of writing this article, BTC is trading above $109,000, up by almost 2% in the past 24 hours. BTC debuted an upwards move on July 2nd from $107,000 levels.
BTC price is moving upwards ahead of the US Independence Day, celebrated on July 4. The digital asset's price is supported by market optimism, continued global adoption, accumulation, positive announcements, and other factors.
ETH Price Action
At the moment of writing this article, ETH is trading near $2,600. Today, ETH is a better performer compared to BTC, and the digital asset is up by almost 6% in the past 24 hours.
Both BTC and ETH's bullish price trajectories on July 3rd mirror increased optimism in the crypto industry ahead of the US Independence Day.