On August 1st, a significant quantity of Bitcoin and Ethereum options expire on Deribit, and the crypto market recorded volatilty.
Here are today's crypto options expiry details and the reasons why you should maintain optimism despite the market's volatile moves.
Bitcoin and Ethereum Options Expiry Data
Today, over $7 billion in BTC and ETH options expire on Deribit. $5.72 billion in BTC options expire with a Put/Call Ratio of 0.74 and a Max Pain Point of $116,000.
Also, $1.35 billion in ETH options expire with a Put/Call Ratio of 0.97 and a Max Pain Point of $3,500.
Deribit announced the crypto options expiry data on July 31, ahead of today's market volatilty.
Both BTC and ETH experienced price volatilty.
Bitcoin and Ethereum Price Trajectories on August 1st
BTC and ETH price actions:
BTC Price Action
At the moment of writing this article, BTC is trading above $114,000, down by over 3% in the past 24 hours. The digital asset debuted a descendant trajectory from $118,000 levels on July 31, dipping to $114,000 levels on August 1st.
The US BTC ETFs also recorded their first day of outflows at over $114 million on July 31, after five consecutive inflow days, according to data from SoSoValue.
It's also worth noting that during the course of this week, the US Fed decided to leave the interest rates unchanged for the fifth straight time.
The 24-hour Bitcoin liquidations were over $164 million, according to Coinglass data, while the crypto market recorded over $726 million in 24-hour liquidations.
ETH Price Action
At the moment of writing this article, ETH is trading above $3,600, down by more than 6% in the past 24 hours, being a weaker performer compared to BTC.
ETH debuted a downward trajectory from over $3,800 on July 31st as well, dropping below $3,600 ahead of a rebound above the level on August 1st.
Optimism Remains in the Crypto Industry
The crypto market has plenty of reasons to remain optimistic for the future, amidst the rising global adoption and accumulation.
BTC and Crypto, in the White House's Official Report
This week, the White House Working Group revealed its crypto report. The 166-page
Digital Asset Report mentioned crypto, Bitcoin, Ethereum, and DeFi, marking a big win for the industry.
Corporate Crypto Adoption
Despite the current market volatilty, optimism must remain in the crypto market amidst rising global adoption, clearer regulations for the industry, and the fact that both BTC and ETH are becoming key assets in corporate treasuries across the world.
A new Galaxy report shows that public companies globally hold over $100 billion in crypto reserves.
Crypto, Collateral for Loans
Also, a bullish piece of news revealed recently and shared by the US Senator Cynthia Lummis reported that, in a landmark shift for the US housing finance system, the Federal Housing Finance Agency issued a directive ordering Fannie Mae and Freddie Max to formally consider crypto as an asset in single-family mortgage loan risk assessments.
The Trump administration continues to show support for the crypto industry. Also, starting in 2026, JPMorgan could start accepting BTC and crypto as collateral.
