News 
January 10, 2025 
2 min. 
With the US blaming its economy on Ukraines war, billions of tethers are burning during Bitcoin 19000 options expiration making the market shaky. Only today, BTC plunged to an all time low of 91,380 but while the economy huddles over the news, it has managed to tick up to $94,000, giving investors a glimmer of hope.
Factors Playing with Bitcoin Volatility
Despite all projections indicating that the US NFP would amount to 306,000 positions, the actual number shows a far larger decrease to 19,000, as shown by the aggregates giving the put-call ratio of BTC options a reading of 0.65 cut-roll ratio. Rapid economic news and events have left investors on their toes, which is why as the doubt about the average economy increases, money poured into short-term BTC options reaches an all-time high, rolling volatility. Moreover, with both the funding rate and exchange ratios trickling down, indications of heightened volatility in shortening are stronger than ever.
Following Options Expiry, What Is The Next Step for BTC?
The short-term indicators for Bitcoin suggest a potential deflation in the near future. The Hot Capital metric has suffered a severe reduction of 66.7%, seeing a drop from $96.2 billion to $32 billion. The current drop suggests that the market interest in Bitcoin is low, with capital billowing out instead of coming in.
There is still optimism with a handful of wall street analysts that Bitcoin has the potential to recover owing to the predicted expansion in the global supply of M2. That said, the crypto market is expected to face even more strain due to the upcoming US CPI data release on the 15th of January, alongside the scheduled FOMC meeting for later on in the month. Currently, the price of Bitcoin is $94,517, which is an increase of about 1.28%. The market capitalization is 1.87 trillion dollars.
