Bitcoin Options Expiry: Minimal Market Impact Expected Amid $2.2B Expiration

Around 28,000 Bitcoin options contracts worth approximately $2.25 billion are set to expire on April 4, 2025. Despite the sizable notional value, derivatives trading has remained muted in recent weeks, suggesting limited influence on spot Bitcoin markets. The expiration comes amid heightened market volatility, with Bitcoin recently hitting a five-month low before rebounding due to shifting global trade dynamics. Analysts are closely watching the put/call ratio of 0.88 for insights into market sentiment as these contracts roll off.

How Will Markets React to $2.2B Bitcoin Options Expiring Today?

Around 28,000 Bitcoin options contracts worth approximately $2.25 billion will expire on Friday, April 4. This week’s event is similar to previous weeks with muted derivatives trading, suggesting minimal impact on spot markets. Markets have been volatile, reaching a five-month low before rebounding due to the Trump administration’s global trade tariff changes. The put/call ratio for this week’s Bitcoin options contracts is 0.88, indicating closely matched short and long contract sellers. The max pain point is $82,000, where most losses will occur. The highest open interest is at $70,000.

Pakistan Taps Surplus Power for Bitcoin Mining Amid Market Recovery

Pakistan has changed its stance on cryptocurrencies and now aims to create a regulatory framework for crypto investments. Amid the global cryptocurrency market’s recovery, the country plans to redirect its surplus energy to Bitcoin mining and AI centers, leveraging unused power for growth. Following a pause in tariff plans, both the broader and cryptocurrency markets have seen new life, with the global crypto market cap increasing by 6.57% in just a day, standing at $2.59 trillion. Pakistan sees this as a strategic opportunity to harness its surplus electricity for Bitcoin mining and AI development.

Pakistan Taps Surplus Power to Enter Bitcoin Mining Race

Pakistan is reportedly considering utilizing its surplus electricity to support domestic Bitcoin mining operations and AI data centers. The plan aims to convert unutilized energy resources into productive use amid ongoing challenges with high electricity tariffs and shifting energy supply patterns. The proposal is led by Bilal Bin Saqib, an advisor to Pakistan’s finance minister and the newly appointed CEO of the Pakistan Crypto Council. Preliminary discussions with mining firms have already taken place, with site selection for the mining centers currently underway. The final locations will be based on regions where excess power availability is greatest.

6 Days of ETF Outflows Can’t Shake Bullish BTC Derivatives Traders

Despite the broader market’s attempt at a short-term rebound, the continued withdrawals from Bitcoin ETFs suggest that institutional sentiment remains cautious. On Thursday, net outflows from BTC ETFs totaled $149.66 million, a 17% increase from Wednesday’s outflows. This marked the sixth consecutive day of withdrawals, highlighting the growing caution and weakening sentiment among institutional BTC investors.

Largest BTC Inflow Since 2022 Hits Accumulation Wallets

The crypto market saw a brief respite after Trump’s policy pivot. On April 9, major Bitcoin wallets received a significant inflow of 48,575 BTC, worth approximately $3.6 billion. This was the largest single-day inflow since February 1, 2022, according to CryptoQuant. The move coincided with a market dip triggered by renewed tariff policies against China. Notably, a similar BTC inflow occurred on February 1, 2022, when Bitcoin was priced near $38,400, compared to the current $80,000. The data suggests strategic buying and quiet accumulation following market turbulence.

Bitcoin to $250K? – Charles Hoskinson’s Prediction

Cardano’s founder, Charles Hoskinson, has predicted that Bitcoin (BTC) could hit $250,000 by the end of 2025 or the next year. Despite Bitcoin trading below $100,000 amid macroeconomic uncertainty, Hoskinson believes that Fed rate cuts, new crypto regulations, and increased adoption will drive the price up. He made this projection in an interview with CNBC on April 9th, stating that the markets will stabilize and get used to the new normal, leading to a surge in fast, cheap money pouring into the crypto market.