#Option Expiration Delivery#
Hot Topic Overview
Overview
January 17th saw the expiration and delivery of 22,000 BTC options and 182,000 ETH options, with notional values of $2.19 billion and $610 million, respectively. Bitcoin price surged past $100,000, signaling a rebound in market sentiment, however, most altcoins remained weak. Short-term option implied volatility (IV) rose, indicating bullish momentum towards a near-term target of $105,000. With Trump's inauguration scheduled for next week, the market is closely watching for potential crypto-friendly policies from the new administration. Considering the upcoming Fed meeting at the end of the month, where rates are expected to remain unchanged, investors should focus on policy shifts and ETF inflows. Short-term option positions can be considered for short-term trading opportunities.
Ace Hot Topic Analysis
Analysis
January 17th, 22,000 BTC options and 182,000 ETH options expire and settle. The Put Call Ratio for BTC options is 0.95, with a maximum pain point of $96,000 and a notional value of $2.19 billion; the Put Call Ratio for ETH options is 0.36, with a maximum pain point of $3,250 and a notional value of $610 million. Bitcoin prices have broken through $100,000 again, clearing the weekend's gloomy market sentiment, but most altcoins remain weak, and market attention is primarily focused on Bitcoin. Short-term option IV has risen, and as mentioned in previous days, the bullish momentum towards the short-term target of $105,000 is clearly increasing. Trump will officially take office as the new president of the United States next week, and it is worth noting whether he will issue policies that are directly beneficial to cryptocurrencies this month. The US stock market has warmed up in recent days, and the interest rate meeting at the end of the month will likely be a hold. In the following week, we will focus on policy changes from the new government and ETF inflows. You can buy some short-term options for short-term trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option expiry delivery data shows that the Bitcoin and Ethereum options markets have divergent views on future price movements. The Bitcoin option's Put Call Ratio is higher, indicating a greater market concern about price declines, while the Ethereum option's Put Call Ratio is lower, indicating a stronger market expectation of price increases.
Short-term option implied volatility (IV) has risen, with the market showing bullish strength for a short-term target of $105,000, indicating a positive outlook for Bitcoin price increases in the short term.
Trump will officially take office next week, and there is concern about whether the new government will introduce favorable policies for cryptocurrencies. This will have a significant impact on market sentiment and price trends.
ETF fund inflows will be a major factor influencing market trends. It is recommended to pay attention to policy changes and ETF fund inflows, and to appropriately deploy short-term options for short-term trading.