On January 29, Deribit released the Bitcoin and Ethereum options expiry data in a volatile market. The crypto market is down by over 1% today, with a market cap of over $2.98 trillion.
Bitcoin and Ethereum options expiry details
Deribit revealed that more than $9.5 billion in BTC and ETH options will expire on January 30 at 08:00 (UTC).
$8.27 billion in BTC options are set to expire tomorrow morning with a Put/Call ratio of 0.54 and a Max Pain point of $90,000. Also, $1.27 billion in ETH options will expire with a Put/Call ratio of 0.74 and a Max Pain point of $3,100.
Both BTC and ETH are trading below their Max Pain points on January 29.
Bitcoin and Ethereum price actions
At the moment of writing this article, BTC is trading above $87,800, down by more than 1% in the past 24 hours.
BTC price debuted a downward trajectory from over $90,000 on January 28.
Yesterday, at the FOMC meeting in the US, the Fed decided to leave interest rates unchanged.
According to the Fed, economic activity has been expanding at a solid pace, but uncertainty about the economic outlook is still elevated. The Committee aims for maximum employment and inflation at a 2% rate over the longer run.
Also, institutional interest in BTC is still weak, and the US-based BTC ETFs recorded another day of outflows on January 28, above $19.6 million, according to data from SoSoValue. On January 27, the crypto products saw outflows of over $147 million.
At the moment of writing this article, ETH is trading above $2,900, down by over 2% in the past 24 hours, seeing a weaker performance compared to BTC.
However, unlike BTC ETFs, the US-based ETH ETFs saw an inflow day on January 28 of over $28 million, following a previous day of outflows.
However, despite recent market volatilty, Bitcoin and crypto adoption continues globally for institutions and retail, and optimism remains present in the industry.
