KEYTAKEAWAYS
-
BTC options worth $1.98B expire soon; a 0.92 Put/Call ratio hints at mild bullish sentiment and potential short-term price volatility.
-
Unichain’s TVL skyrockets past $100M after UNI incentives, but long-term growth depends on native apps and sustainable ecosystem support.
-
Former SEC Chair Gensler acknowledges Bitcoin’s global interest and long-term potential, signaling a possible shift in regulatory tone.
CONTENT
BTC OPTIONS WORTH $1.98 BILLION EXPIRE TOMORROW
On April 17, data from Deribit shows over $2.25 billion in crypto options will expire this Friday.
Among them:
-
Bitcoin (BTC) options have a notional value of $1.98 billion
-
Max pain point is at $82,000
-
Put/Call ratio is 0.92
Analysis:
A Put/Call ratio of 0.92 suggests a slightly bullish sentiment. Option sellers may try to push BTC price toward the $82,000 level. Some short-term volatility is expected, but it may not be severe.
UNICHAIN TVL SURGES PAST $100 MILLION
On April 17, data from the Uniswap Foundation shows Unichain’s total value locked (TVL) has jumped to $107.4 million after Gauntlet offered two weeks of UNI incentives to 12 pools.
Previously, Unichain TVL was under $1 million. The USDC/USDT0 pool alone holds $66.7 million.
Analysis:
TVL growth may not last once incentives stop. The daily UNI selling pressure (41,250 tokens) could weigh on price. In the short term, Unichain’s rise boosts its competitiveness, but it still needs more native dApps and revenue to support long-term growth.
FORMER SEC CHAIR: BITCOIN MAY LAST A LONG TIME
On April 17, Cointelegraph reported that former SEC Chair Gary Gensler said in a video interview:
“Bitcoin may last a long time because 7 billion people around the world are very interested in it.”
Analysis:
This is a rare positive comment from Gensler, who is known for his strict stance on crypto. It shows Bitcoin’s global appeal and long-term resilience. His tone might signal a softer attitude toward the crypto space.
Also Read：
CoinRank Crypto Digest (4/16)｜Spot Solana ETF to Launch in Canada This Week
CoinRank Crypto Digest (4/15)｜Ethereum dApps Generated Over $1 Billion in Q1 2025
CoinRank Crypto Digest (4/14)｜Fed Rate Cut Odds for May Rise to 39.8%
Crypto Weekly Outlook (4/14-4/20)｜China’s Q1 Economic Data & Powell’s Speech
▶ Buy Crypto at Bitget
CoinRank x Bitget – Sign up & Trade to get $20!
