$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! 🌊

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