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Around 26,000 Bitcoin options contracts will expire on Friday, April 4, and they have a notional value of roughly $2.1 billion. This week’s event is more modest than average and much smaller than last week’s massive end-of-month and end-of-quarter expiry event. The impact on spot markets is likely to be minimal as spot traders are still reeling from the Trump administration’s wide-sweeping global tariff announcement on Wednesday. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 1.27, meaning that there are more put (short) contracts expiring than calls (longs). There is also a max pain point of $85,000, which is where most losses will be made. Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, is falling at higher prices, with around $850 million at $90,000 and $100,000 strike prices, according to Deribit. There is also more than $900 million in OI at the lower $80,000 strike price and over $700 million at $70,000 as derivatives traders lose confidence in higher prices and turn bearish on the longer time frames. Options Expiry Alert! Last week’s quarterly expiry brought the heat, this week’s setup is quieter, but positioning still matters. At 08:00 UTC tomorrow, ~$2.5B in crypto options are set to expire. $BTC : $2.16B notional | Put/Call: 1.27 | Max Pain: $85K $ETH : $371M… pic.twitter.com/zPezzcVn1B — Deribit (@DeribitOfficial) April 3, 2025 Crypto derivatives provider Greeks Live said the group was “predominantly bearish, expecting continued choppy price action” in an options market update this week. “Traders are positioning for more blood and four more years of chop with many selling calls, particularly at the $87k and $90k to $94k levels for April 4th expiry,” it stated. Greeks noted the diminishing bullish sentiment, stating “There’s skepticism about upward movement with one trader noting nobody is ready to ‘bullieve’ anymore.” In addition to today’s tranche of Bitcoin options, there are around 204,000 Ethereum contracts that are also expiring today, with a notional value of $372 million, a max pain point of $1,850, and a put/call ratio of 1.32. This brings Friday’s combined crypto options expiry notional value to around $2.5 billion. Crypto Market Outlook Spot markets have continued to retreat this week with a 6.5% decline in total capitalization since this time last Friday, dropping it to $2.75 trillion at the time of writing. Bitcoin remains weakened , having fallen below $81,500 in an intraday low before a minor recovery. It reclaimed $83,000 but fell below it again during Friday morning trading in Asia, suggesting that further downside pressure remains. Ethereum is at bear market lows, having dumped below $1,800 again and trading at levels last seen in October 2023. Meanwhile, altcoins across the board continue to weaken as market sentiment turns bearish. The post Crypto Options Traders Turn Bearish as $2.5B Expiry Event Looms appeared first on CryptoPotato .
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Bitcoin Gains Amid Stock Market Collapse and Fed’s Inflation Concerns: Possible Volatility Ahead
As traditional financial markets reel under pressure from recent geopolitical tensions and economic signals, Bitcoin continues to demonstrate resilience amid chaos. The cryptocurrency market has witnessed a notable uptick, with Crypto Potato
Ethereum Whales Accumulate 130,000 ETH in a Single Day as Price Nears Key Support
In a significant shift of market behavior, Ethereum whales have accumulated ETH worth just over $234.8 million in a single day as the cryptocurrency approaches a critical support level. This substantial purchase, reported by crypto analytics platform IntoTheBlock on Thursday, marks a dramatic reversal from recent selling trends. “Ethereum whales are buying the dip, with the largest $ETH wallets adding over 130k ETH to their wallets yesterday,” the firm tweeted. This accumulation represents a stark turnaround after months of selling pressure. According to data from Sentiment highlighted by analyst Ali Martinez on April 2, whales had sold approximately 760,000 Ethereum over the past two weeks. This selling pattern included a notable transaction earlier this week when a long-dormant Ethereum wallet, inactive for seven years, liquidated its entire holdings from 2017, securing a profit exceeding $8.6 million. Notably, Ether’s market sentiment has remained predominantly bearish in recent weeks, with short-term holders selling at a loss. Several factors have contributed to recent selling pressure, including significant moves by the Ethereum Foundation (EF). According to a recent report by CoinGecko analysts, EF sales of ether typically cause immediate market reactions, with prices growing by an average of 1.3% over the subsequent seven days. However, in 47.6% of cases, these sales resulted in price decreases, while 52.4% led to increases, suggesting an inconsistent correlation between institutional selling and market performance. The Foundation’s selling activity has faced criticism from community members questioning the transparency of its financial operations and decision-making processes. In response to these concerns, the EF has recently shown signs of changing its approach, opening a multisig wallet on the Safe platform in January to participate in the DeFi ecosystem and subsequently transferring approximately $120 million worth of ETH to major DeFi protocols, including Aave, Spark, and Compound. Despite the price volatility, Ethereum’s ecosystem shows strength in other areas. In March, after six months, Ethereum reclaimed its position as the leader in decentralized exchange (DEX) trading volume, reaching $64.6 billion and surpassing Solana by 22%. Uniswap and Fluid have been major contributors to this success. That said, technical analysts are closely monitoring ETH’s price, which is currently sitting on a 5-year trendline that has acted as strong support multiple times in the past, within a potential triangle pattern. A bounce from these levels could propel the price toward the $3,900 resistance level. According to analyst Cryptolycus, “ETH is at a critical zone” with the strongest support level around $1,650. He noted that breaking below could signal a deeper correction toward the $1,500-$1,300 range. However, if Ethereum holds support and reclaims levels above $2,100, a bullish reversal could push prices above $3,500 by Q4 2025. “This is a MAKE-or-BREAK moment for Ethereum,” he stated. At press time, ETH was trading at $1,818, reflecting a 1.73% surge in the past 24 hours. Crypto Potato
