Greeks.live: 31,000 BTC and 174,000 ETH are due today, with a nominal value of $3.77 billion in total

PANews reported on January 24th, macro researcher Adam from Greeks.live pointed out that on January 24th, a total of 31,000 BTC options expired with a Put Call Ratio of 0.48 and the biggest pain point being $100,000 USD, having a nominal value of $3.19 billion USD. Additionally, 174 thousand ETH options expired with a Put Call Ratio of 0.47 and the biggest pain point being $3300 USD, having a nominal value of $580 million USD.

Bitcoin remains above $100k USD and there is high probability that Bitcoin will become the reserve asset for the US government and major corporations this year. Trump's inauguration has cleared policy obstacles for it and market enthusiasm for Bitcoin may continue throughout the year.

Trump officially took office as President in this term; whether he will issue policies directly favorable to cryptocurrencies this month is worth paying attention to. Today Japan's central bank announced an interest rate hike by 25 basis points while next week's Federal Reserve interest rate meeting will likely maintain rates without any cuts. Macro event expectations are relatively stable; focus should be placed on policy changes from new government and ETF inflows later this week - some short-term options can be purchased for short-term trading.