According to @glassnode, the options open interest put/call ratio has been rising over recent weeks, indicating a build-up in put positioning (source: @glassnode, Dec 12, 2025). According to @glassnode, even after the FOMC meeting, activity stayed skewed toward puts, signaling continued demand for downside protection (source: @glassnode). According to @glassnode, this morning’s expiry pushed the ratio lower as post-meeting hedges rolled off, reducing the put-heavy skew in open interest (source: @glassnode).

According to @AltcoinDaily, Ethereum (ETH) could accelerate higher once it decisively clears the $4,000 level, as shared on X on Dec 11, 2025 (source: @AltcoinDaily on X). Round-number levels like $4,000 are widely watched psychological resistance, and breakout traders typically seek confirmation via a close above the level and rising volume before entering (source: Investopedia on psychological price levels and breakout trading). Derivatives traders also monitor signals around key strikes—such as options open interest clustering and shifts in funding rates—to gauge breakout sustainability (source: CME Group options education and Investopedia on options open interest). Because failed breakouts are common, risk management often includes invalidation on a swift move back below $4,000 or waiting for a retest to hold as support before positioning (source: Investopedia on bull traps and support-resistance retests).

According to Glassnode, implied volatility has been dropping across maturities, indicating reduced demand for near-term protection or upside leverage (source: Glassnode). Glassnode states that traders expect contained price action amid the IV decline (source: Glassnode). Glassnode also notes that falling IV while calls dominate open interest points to passive rather than aggressive positioning (source: Glassnode).

According to @binance, Bitcoin (BTC) first reached $1,000 on this day in 2013, marking an early milestone in the asset’s price discovery, source: Binance. After the $1,000 breach, BTC set a local high near $1,150 in December 2013 before a prolonged drawdown in 2014, highlighting that round-number breaks can precede elevated volatility, source: Yahoo Finance BTC-USD historical data; CME Group education on round-number effects. Round numbers often concentrate resting orders and options open interest, making levels like 50,000, 60,000, and 100,000 focal points for liquidity and potential gamma dynamics, source: Deribit Insights; CME Group. For trading today, prioritize confirmation via spot volume, funding rates, and options skew rather than commemorative headlines, and map liquidity around major BTC strikes, source: Binance Research education; Glassnode market metrics.

According to Crypto Rover, Ethereum (ETH) is experiencing a significant price pump, drawing heightened trading activity and increased volume on major exchanges (source: @rovercrc on Twitter, June 11, 2025). This upward momentum is attracting both institutional and retail traders, with on-chain data confirming a spike in active addresses and transaction fees, pointing to robust network usage (source: Etherscan.io). Traders are closely watching resistance levels near recent highs, as sustained bullish momentum could influence overall altcoin sentiment and potentially drive correlated assets higher. Immediate crypto market impact includes increased volatility and renewed attention to ETH derivatives, with options open interest rising (source: Coinglass).

According to Greeks.live, on May 23, 25,000 BTC options expired with a Put Call Ratio of 1.22, a Maxpain point at $104,000, and a total notional value of $2.81 billion. Additionally, 202,000 ETH options expired with a Put Call Ratio of 1.26, a Maxpain point of $2,450, and a notional value of $570 million. Traders should closely monitor these max pain levels as they can act as significant support or resistance zones in the coming sessions. The elevated Put Call Ratios indicate a slightly bearish sentiment, which could influence short-term volatility in both BTC and ETH. These expiry levels and open interest concentrations are likely to guide crypto price action and may affect liquidity and trading strategies in the immediate term (source: Greeks.live).

According to Crypto Rover, $8 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today, a development expected to trigger significant price volatility in both assets (source: Crypto Rover on Twitter, April 25, 2025). Traders should anticipate increased market swings as large options expiries often lead to sharp price movements and liquidity shifts. Monitoring support and resistance zones in BTC and ETH is crucial, as high open interest and imminent expiry can amplify both upward and downward moves (source: Deribit, CME Group historical data).