Bitcoin Could Swing $5,000 After White House Crypto Summit; ETH, SOL Volatility Expected: STS Digital

Deribit Options Prices Suggest BTC Could Move Nearly $5K After Crypto Summit, According to STS Digital Analysis

Posted by: Omkar Godbole | Edited by: Parikshit Mishra Updated: March 6, 2025 14:25 UTC Published: March 6, 2025 07:52 UTC

Key points:

• White House Crypto Summit Could Spur Increased Trading Activity
• Trump is rumored to announce the creation of a BTC strategic reserve at the summit.
• Options markets point to possible volatility in BTC, ETH and SOL after the summit.

If you're planning to switch off from your trading screens this weekend, think again. Research from digital asset trading firm STS Digital suggests that Friday's White House crypto summit could see more activity, with BTC prices swinging by $5,000.

US President Donald Trump, who has promised to create a strategic cryptocurrency reserve ahead of the November election, will bring together industry leaders including Coinbase, Chainlink and Exodus.

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Recent rumors indicate that Trump may announce the creation of a Bitcoin (BTC) strategic reserve at the summit, a departure from Sunday's disclosure that talked about a basket of altcoins such as XRP, Cardano's ADA and Solana (SOL), as well as BTC and Ether (ETH) as the main assets.

BTC, ETH and SOL options prices on Deribit show traders are bracing for a volatile weekend after the summit.

“Options markets are showing anxiety (and illiquidity) heading into the weekend, with plenty of opportunity. The Friday-Saturday IV [implied volatility] spread is nearly 25x volatilities across the board, and Friday expirations are not in line with expected variance,” Jeff Anderson, head of Asia at STS Digital, told CoinDesk.

Implied volatility, a metric derived from options pricing, shows how much traders expect the price of an asset to fluctuate over a given period. Options are derivative contracts that give the buyer the right to buy or sell an underlying asset at a predetermined price at a later date.

Early Thursday, bitcoin options expiring on Friday offered annualized implied volatility of 56%, while options expiring on Saturday were trading at 80%. The 24-point gap suggests more price turbulence is expected after Friday's summit.

A similar situation was observed in the options on Ethereum and Solana.