Today, more than $ 3 billion in Bitcoin (BTC) and Ethereum (ETH) options. Another US $ 2.5 billion will be settled in BTC contracts and nearly $ 500 million in ethi contracts. How will the prices of both assets react?

The expiration of these options will occur at 8:00 UTC at Deribit, potentially inspiring volatility in the crypto market.

Bitcoin faces a maximum pain of US $ 89,000 in the expiration of options today

Today (7), 29,005 Bitcoin contracts with a value of $ 2.54 billion are scheduled to expire. According to Deribit data, the Bitcoin put-to-Call ratio is 0.67. The point of maximum suffering – the price at which the asset will cause financial losses to the largest number of holders – is $ 89,000.

In addition, Ethereum sees the maturity of 223,395 contracts with a value of US $ 481.9 million. The point of maximum suffering for these contracts is $ 2,300 dollars with a PUT-TO-CALL ratio of 0.72.

The point of maximum suffering in the crypto options market represents the price level that inflicts the highest financial discomfort to options holders. At the same time, Put-to-Call relations, below 1 for both Bitcoin and Ethereum, indicate a higher prevalence of call options (Puts).

The Greeks.Live Crypto options trading tool has provided perceptions of the current market feeling. They cited a general feeling of low in the market, with traders expressing frustration on extreme volatility and unstable price action.

The sharp bitcoin intraday fluctuations, such as recent $ 6,000 movements, led to conditions that traders describe as a “blow to both sides.” According to Greeks.live analysts, this makes it difficult to establish a clear directional trend.

Most traders are observing the $ 87,000 range to $ 89,000 as a key resistance, with $ 82,000 noticed as a recent fund, although there is a significant disagreement over if a sustainable fund was found, he wrote a Greeks.live.

In addition, the marked put tilt reflects the broader pessimism, as traders continue to favor fall protection despite occasional movements upwards. Analysts also note that traders are adjusting their strategies in the midst of high volatility.

Several traders are selling Calls in the $ 89,000 range to $ 90,000 as a preferred strategy in this environment, with a trader reporting that it is -260% on calls purchased at lower levels, Greeks.live added.

Volatile and cautious market

The belief that the market is currently in a phase driven by liquidity has led to a focus on quick entrances and exits. This level of caution occurs as long -term positions remain vulnerable to abrupt oscillations. External macros factors such as changes in trade policies and tariff ads, for example, in the United States, increase uncertainty.

As a result, many traders are choosing to be on the sidelines, awaiting clearer signals before committing to new positions.

With the alert markets, where do you think the price action will stop? Above or below maximum suffering? Deribit he asked In an X post (former Twitter).

However, traders should remember that options salary has a short -term impact on the price of the underlying asset. Generally, the market will return to its normal state right after and possibly even compensate for strong price deviations.

Traders must remain vigilant, analyzing technical indicators and market feeling to effectively navigate potential volatility. Meanwhile, these developments occur after US President Donald Trump sign the Bitcoin Strategic Reserve Order.

In fact, the order lacked specific details, with many questions being probably answered later during the White House crypto summit.