Bitcoin And Ethereum Options Expiry Amid Market Volatility

According to PANews, on January 10, a total of 19,000 Bitcoin options are set to expire, with a put-call ratio of 0.65 and a maximum pain point of $97,000, amounting to a nominal value of $1.81 billion. Additionally, 141,000 Ethereum options will expire, featuring a put-call ratio of 0.48 and a maximum pain point of $3,450, with a nominal value of $460 million. The market has experienced a significant pullback this week, influenced by the weakness in U.S. stocks and unfavorable macroeconomic factors. Bitcoin's price briefly fell below $91,000, marking a new low for the past month, while altcoins saw even sharper declines. Short-term options implied volatility has risen, indicating a noticeable increase in market panic. With one week remaining before Donald Trump officially assumes office as the new President of the United States, the direct benefits appear limited, with more potential for long-term advantages. The ongoing correction in U.S. stocks over recent days has added considerable uncertainty to the market. It is highly likely that the interest rate meeting this month will maintain the current rates without a cut. The focus for the remainder of the week will be on Bitcoin's price movements and the inflow of ETFs. If the situation worsens, purchasing some short-term put options for hedging might be advisable. Conversely, if conditions improve, a monthly bullish outlook could offer better value.