The post Bitcoin and Ethereum To Face $3 Billion in Options Expiry; How Will The Market React? appeared first on Coinpedia Fintech News Today, more than $3 billion in Bitcoin and Ethereum options are set to expire.With $2.5 billion in BTC and nearly $500 million in ETH contracts set to settle, all eyes are on how these moves will impact market prices. The expiry, set for 8:00 UTC on Deribit, could lead to increased volatility in the crypto market. The “put-to-call ratio” of 0.67 shows that there are more put options (bets that Bitcoin’s price will fall) than call options (bets that Bitcoin’s price will rise). And the maximum pain point, that is the price that will cause the most losses for holders is $89,000. Besides, Ethereum will also have a large number of contracts expire, totaling $481.9 million. The “maximum pain point” for Ethereum is $2,300, and the put-to-call ratio of 0.72. Both Bitcoin and Ethereum have put-to-call ratios below 1, meaning there are more traders betting on price increases (buying calls) than on price drops (buying puts). Bearish Sentiment In The Market The overall sentiment in the crypto market is negative (bearish). Bitcoin’s recent price swings, such as drops of $6,000, have created a volatile market that traders are finding difficult to navigate, often experiencing losses in both directions. Analysts from Greeks.live note that traders are focusing on key price levels, with resistance around $87,000-$89,000 and a recent bottom around $82,000, though there is disagreement on whether the bottom is sustainable. The market’s pessimism is evident in the higher number of traders buying options for downside protection (puts). The market is currently volatile, with traders focusing on quick entries and exits due to the risk of sudden price changes. Factors like trade policies and tariffs add uncertainty, making many traders cautious. Bitcoin Declines After Trump’s Reserve Announcment After Bitcoin options expire, prices may settle, but generally markets return to normal soon. This comes after President Trump’s recent executive order on the Bitcoin reserve, although many details are still unclear and are expected to be discussed at the White House Crypto Summit. Contrary to the expectations, Bitcoin dropped 5% to $84,667 following President Trump’s Bitcoin reserve announcement, triggering $261 million in liquidations in the futures market. Major Summit Ahead Bitcoin’s price dropped ahead of a major crypto summit, with long positions suffering the most. Liquidations reached $115.6 million, and BTC’s open interest fell by 5%. If the downtrend continues, BTC could test support at $85,357 and possibly drop to $80,580. However, if new demand pushes the price up, BTC could rise back above $90,000, potentially reaching $92,247.