Bearish Market Sentiment Fuels Crypto Options Expiration

Options expiration for Bitcoin and Ethereum options on April 11, 2025, signaled a bearish market sentiment in the cryptocurrency space. The combined notional value of expiring options reached billions, highlighting sustained volatility despite an absence of bullish optimism. Factors such as tariff changes and limited investor inflows contributed to this bearish outlook. Analysts attribute the significant decline to uncertainties like ongoing trade conflicts stemming from Trump’s policies, which have fueled a risk-off environment. 2025’s key date saw Bitcoin (BTC) options worth $22.6 billion and Ethereum (ETH) options worth approximately $2.8 billion expire.