$1.54B Bitcoin & Ethereum Options Expire: What to Expect Today
🚀 Big Day for Crypto Markets!
Today marks the expiration of $1.54 billion worth of Bitcoin (BTC) and Ethereum (ETH) options. Known as ‘max pain,’ this event can significantly impact spot prices.
🔍 Key Figures to Watch:
Bitcoin: 18,339 contracts worth $1.04 billion
Ethereum: 162,782 contracts worth $501 million
Bitcoin's max pain point is at $62,000, while Ethereum’s stands at $3,350. The put-to-call ratio shows more calls than puts for both cryptos, hinting at potential price movements.
📉 Whale Sell-Offs:
Governments and long-term holders are offloading BTC.
Recent sales include Germany's 3k BTC move to exchanges like Kraken and Coinbase.
Current trading prices:
BTC: $57,037 (-3% in 24hrs)
ETH: $3,083 (-3% in 24hrs)
Analysts predict stabilization post-expiry. Let’s see how the market evolves! 🌊
#Crypto #Bitcoin #Ethereum #OptionsExpiry #WhaleMoves