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Ripple’s XRP is once again receiving attention from bullish traders after gaining by 3.75% today, July 3, to trade at $2.27 at press time. The gains follow reports that Ripple is seeking a banking license, which will likely drive XRP price gains while boosting the adoption of the RLUSD stablecoin. This development has also raised
The post XRP Price Jumps As Ripple Applies for Banking License, Is $3 Next? appeared first on CoinGape.
Bitcoin (BTC) made headlines on Wednesday by breaking past its previous all-time high of $73,777, riding the wave of market…
Today, approximately $8.05 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire, prompting crypto market participants to brace for volatility.
Traders and investors should be particularly attentive to today’s options expiry due to its volume and notional value, increasing the odds of potential influence on short-term trends. However, the put-to-call ratios and maximum pain points provide insight into what can be expected and the possible market directions.
The notional value of today’s expiring Bitcoin options is $7.24 billion. According to Deribit’s data, these 77,642 expiring Bitcoin options have a put-to-call ratio 0.73. This ratio suggests a prevalence of purchase options (calls) over sales options (puts).
The data also reveals that the maximum pain point for these expiring options is $86,000. In crypto options trading, the maximum pain point is the price at which the asset will cause the greatest number of holders’ financial losses.
In addition to Bitcoin options, 458,926 Ethereum options contracts are set to expire today. These expiring options have a notional value of $808.3 million, a put-to-call ratio of 0.74, and a maximum pain point of $1,900.
The number of today’s expiring Ethereum options was significantly higher than last week. BeInCrypto reported that last week’s expired ETH options were 177,130 contracts, with a notional value of $279.789 million.
As of this writing, Bitcoin was trading well above its maximum pain level of $86,000 at $93,471. Meanwhile, Ethereum was trading below its strike price of $1,900 at $1,764.
“BTC trades above max pain, ETH below. Positioning into expiry is anything but aligned,” Deribit analysts remarked.
With the max pain level (also called strike price) often acting as a magnet for price due to smart money actions, both Bitcoin and Ethereum could pull towards their respective levels.
The positioning of both BTC and ETH open interest indicates high trader activity near max pain. The dense clustering of their respective histograms around $80,000 to $90,000 for Bitcoin and around $1,800 to $2,000 for Ethereum shows this.
This positioning suggests potential for short-term price consolidation or volatility.
According to Deribit, traders are selling cash-secured put options on Bitcoin. Further, they are using stablecoins to collect premiums while positioning to buy BTC at lower prices. This reflects a long-term bullish outlook.
“BTC traders on Deribit are expressing long-term bullish sentiment, selling cash-secured puts using stablecoins to potentially buy the dip and collect yield,” Deribit wrote.
Analysts on Deribit also note the highest open interest for BTC options around the $100,000 strike price. This indicates strong market expectations of Bitcoin reaching this level.
Nevertheless, data on the Polymarket prediction platform shows traders estimating only a 16% chance of BTC hitting $100,000 in April.
Another interesting observation is that the Cumulative delta (CD) across BTC and related ETF (exchange-traded fund) options on Deribit reached $9 billion. While this shows high sensitivity to Bitcoin price changes, it also suggests potential volatility as market makers hedge their positions.
This aligns with remarks from crypto analyst Kyle Chassé that hedge funds never bet on Bitcoin’s long-term price appreciation. Instead, they farm a risk-free yield using arbitrage. Once the trade dies, they pull liquidity, intensifying Bitcoin’s sell-off.
Notwithstanding, Deribit analysts also reveal a surge in Bitcoin call option buying for April to June 2025 expiries. Investors are reportedly targeting strikes between $90,000 and $110,000, a sentiment inspired by Bitcoin’s price breaking above 89,000.
This suggests that bullish market sentiment was likely driven by FOMO as the BTC price extended beyond $90,000. Analysts also highlight a market stabilization effect from Trump’s tariff policy reversal on April 9. The move reduced global market volatility, potentially encouraging a rotation of investments from gold to crypto, contributing to the Bitcoin price recovery.
Nevertheless, not all activity leading up to Bitcoin’s recovery was new money or a fresh capital influx. According to an analysis by Deribit’s Tony Stewart, half of it involved rolling up existing positions, indicating strategic adjustments by traders.
The post $8.05 Billion in Bitcoin & Ethereum Options Expire Today—What’s the Market Impact? appeared first on BeInCrypto.
Cardano price is eyeing massive gains after Coinbase Derivatives announced it will launch ADA futures on March 31, boosting institutional interest and market liquidity. ADA price could now be on the verge of a massive upswing, with analysts predicting a 15% rally. However, there are also concerns that the listing may mark a local price top. Will this Coinbase listing drive sustained growth for Cardano price or trigger a sell-the-news event? Let’s explore.
Coinbase Derivatives is expanding its crypto offerings with ADA futures. The exchange has filed with the Commodity Futures Trading Commission (CFTC) for this product. If it launches, it will boost liquidity and institutional interest in Cardano and potentially fuel gains.
The Cardano futures will enable traders to gain exposure to ADA without holding the underlying asset. This offering will allow investors to use leveraged trading strategies. If the product is approved, it will launch on March 31.
Futures listings have often spiked price volatility, and traders are now speculating about the impact that the launch will have on ADA price, which has been recording choppy price moves. At press time, Cardano trades at $0.74 with a 4.8% gain in 24 hours as the crypto market today rebounds.
The upcoming launch of ADA futures could break Cardano from consolidation if it leads to a spike in social volumes. Historically, exchange listings drive speculative discussions that in turn result in high trading activity.
Data from Santiment shows that Cardano social volumes peaked earlier this month after President Trump endorsed ADA as one of the US altcoins that will be part of the US digital asset stockpile. This saw the price hit a local top of around $1.12 before a sharp reversal.
The recent Coinbase listing has yet to cause a surge in social volumes. This indicates that Cardano price still has room for growth before reaching another local top. However, this listing could end up being a sell-the-news event that will lead to a bearish reversal.
Analysts have shared a bullish Cardano price prediction after it bounced by nearly 5% to an intra-day high of $0.75 following the news of the Coinbase listing. Popular analyst Ali Charts forecasts that the altcoin could be on the verge of a 15% upswing after forming a symmetrical triangle pattern.
If ADA price breaks out of the upper resistance trendline, it could pave the way for the altcoin to reclaim $1 as traders buy into the rally that will be realized with the Coinbase listing later this month.
Data from Coinglass also shows an uptick in activity in the derivatives market. The Cardano open interest has increased slightly in the last 4 days to $770M. If this rise in OI continues, it could add more fuel to the ADA price rally.
The post Will Coinbase Listing Mark Cardano Price Top or Trigger 15% Rally? appeared first on CoinGape.