Over $3 Billion in Bitcoin and Ethereum Options Set to Expire Today

Over $3 billion in options for Bitcoin and Ethereum are set to expire today, leading to anticipated market volatility. Key points include:

Bitcoin's "max pain" level is at $89,000; Ethereum's is at $2,300.
Bitcoin has nearly $2.5 billion in expiring contracts; Ethereum has about $500 million.
Expirations occur at 8:00 UTC on Deribit.
Traders expect price increases, as there are more call options than puts.
Current intraday fluctuations for Bitcoin reach up to $6,000.
Key resistance for Bitcoin is around $87,000–$89,000; a potential bottom is at $82,000.
Bearish sentiment persists, with traders seeking downside protection.
Many are selling calls in the $89,000–$90,000 range amid volatility.
External factors like trade policies contribute to market caution.
Post-expiration, the market may stabilize, but traders should monitor technical indicators.
Related to the expiration event, an executive order by Donald Trump regarding a strategic Bitcoin reserve is expected to be clarified during the upcoming White House Crypto Summit.