Deribit released the Bitcoin and Ethereum options expiry data for September 5 in a volatile crypto market. Despite the recent volatility, the markets still have enough reasons to stay optimistic.
Deribit's Bitcoin and Ethereum Options Expiry Data
On September 4, Deribit announced via X that over $4.5 billion in crypto options will expire the next morning at 8:00 (UTC).
$3.28 billion in Bitcoin options will expire with a Put/Call Ratio of 1.38 and a Max Pain Point of $112,000. Also,$1.27 billion in Ethereum options will expire with a Put/Call Ratio of 0.78 and a Max Pain Point of $4,400.
While BTC and ETH Max Pain Points are higher compared to the September 4 prices for the digital assets, it remains to be seen how the markets will react tomorrow.
Bitcoin and Ethereum Price Trajectories on September 4
Today, both digital assets are trading in the red, with Bitcoin being a slightly better performer compared to Ethereum.
BTC Price Action
At the moment of writing this article, BTC is trading above $109,000, down by 2% in the past 24 hours.
BTC kicked off September around $107,000, and he digital asset climbed above $112,500 on September 3 before correcting to current levels.
Despite the recent volatilty, it's important to highlight that global adoption and accumulation continue, while institutional interest is also revived.
According to data from SoSoValue, on September 3, the BTC ETFs in the US recorded their second consecutive inflow day above $301 million. The cumulative net inflow in the crypto products is over $54.8 billion as of the same day.
At the beginning of this month, the markets have plenty of reasons to stay optimistic.
ETH Price Action
At the moment of writing this article, ETH is trading above $4,300, down by over 3% in the past 24 hours.
On September 3, ETH neared $4,500, while inflows in the US ETH ETFs took a break, and the crypto products saw outflows for three consecutive days since August 29.
Optimism Remains Alive in the Crypto Industry
However, despite the recent volatilty that the markets recorded at the beginning of this month, there are enough reasons to stay bullish and hope for the best.
A recent reason worth mentioning is the fact that the US SEC has outlined a significant crypto rulemaking push, called Project Crypto, under the new Chairman, Paul Atkins, which will bring friendlier crypto regulation as opposed to the previous Biden regime.
It's also important to note that the Fed is expected to cut interest rates this month - another trigger for rallies in the market.
Data from CME Group shows a possibility of over 97% of a rate cut during the next FOMC, which is scheduled to take place on September 17.
