Massive Bitcoin & Ethereum Options Expiry Today! 💥
$1.54 billion in Bitcoin and Ethereum options are expiring today, causing a stir in the market. The "max pain" scenario is unfolding as 18,339 Bitcoin contracts and 162,782 Ethereum contracts reach their end.
Key Figures 🔢
- Bitcoin: $1.04 billion options expiring
- Ethereum: $501 million options expiring
- Max Pain Points: $62,000 for BTC, $3,350 for ETH
Market Impact 🌊
Whale sell-offs and government bans are shaking things up. Notably, the German government offloaded 3k BTC, causing ripples across exchanges. BTC and ETH have dropped by 3% in the past 24 hours, adding to the market's nervous energy.
Analysts are watching for post-expiry stabilization. Keep an eye out as the market reacts and adjusts.
Stay tuned and stay informed!
#Bitcoin #Ethereum #CryptoNews #WhaleActivity #MarketWatch