Key Points
- Tomorrow’s $10.28 billion in Bitcoin and Ethereum options expiry is the largest one in January.
- BTC is trading near $105,000 and ETH is trading above $3,200.
A significant amount of crypto options is set to expire tomorrow, January 31 on Deribit, potentially bringing volatility into the market.
Bitcoin and Ethereum Options Expiry Details
Tomorrow morning, at 08:00 (UTC), $10.28 billion in BTC and ETH options will expire on Deribit, marking the largest options expiration event in January.
$8.35 billion in BTC options will expire with a Max Pain Point of $98,000 and a Put/Call Ratio of 0.69.
Also, $1.93 billion in ETH options will expire with a Max Pain Point of $3,300, and a Put/Call Ratio of 0.42, according to Deribit’s notes via X.
Tomorrow’s expiry details are revealed in a volatile crypto market that saw BTC price fluctuating between $98,000 and $105,000 this week.
BTC Trades Near $105,000
At the moment of writing this article, BTC is trading near $105,000, up by almost 3% in the past 24 hours.
After dropping to $101,000 levels, yesterday, January 29, BTC rebounded above $105,000 earlier today amidst optimistic predictions and rising institutional interest.
Upcoming SBR in More Countries
Apart from the US which is preparing to establish Strategic Bitcoin Reserves, according to the latest reports, the Head of the Czech central bank plans to buy billions of Euros in Bitcoin.
On December 6, 2024, a no-capital tax on Bitcoin was passed in the Czech Republic with all members of the parliament voting for it.
Apart from optimism stemming from countries potentially creating BTC reserves, growing institutional interest in BTC is also fueling the renewed rally.
Rising Institutional Interest in BTC
An important trigger of institutional adoption is the SEC’s decision to rescind SAB 121 – the policy that previously limited financial institutions from custodying crypto.
This reversal eliminates an important adoption-related barrier, allowing more traditional institutions to enter the Bitcoin market.
Standard Chartered’s head of forex and digital assets research, Geoff Kendrick, stated recently that institutional flows into BTC will continue to gather pace as a result of the latest move.
He also expects BTC to re-test its previous ATH soon, before entering a $112,000-$130,000 in February and March.
Unlike BTC, ETH was not such a good performer.
ETH Trades Above $3,200
At the moment of writing this article, ETH is trading above $3,250, up by over 5% today, but the coin still failed to reach its previous ATH.
While BTC continues its ascendant trajectory, ETH and other altcoins fail to keep pace.
However, considering the new crypto-friendly policies in the US and the rising global adoption the crypto market has a bright future in 2025.
