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