$3.16 billion in crypto options to be settled before Christmas. How will Bitcoin and Ethereum prices move?
The cryptocurrency derivatives market is facing a critical year-end test. On December 19th at 08:00 UTC, approximately $3.16 billion worth of Bitcoin and Ethereum options will expire simultaneously on the Deribit exchange. This is the last major derivatives settlement before Christmas. Among them, Bitcoin options dominate with a notional value of up to $2.69 billion, with the current price close to the "maximum pain point" of $88,000; Ethereum options are valued at $473 million, with their "maximum pain point" at $3,100, which is significantly different from the current price. In the context of holiday liquidity being thin, this "annual report card" is testing the market's short-term balance and could serve as a trigger for pre-holiday volatility. Traders are holding their breath, waiting for the next clear market catalyst.
View OriginalLast edited on 2025-12-19 05:53:54