Bitcoin and Ethereum options worth $10.8 billion are set to expire today, potentially causing market volatility. This event could greatly impact market dynamics as traders adjust their positions. Bitcoin has a total value of $9.4 billion, with a put-to-call ratio of 0.85, indicating a bullish sentiment.
The max pain point for Bitcoin options is at $85,000. Ethereum has a total value of $1.3 billion, with a put-to-call ratio of 0.92, reflecting a slightly bullish outlook. The max pain point for Ethereum options is at $3,000. Options expiry events like this one are common in the market and historically have caused significant volatility.
Traders will be closely monitoring these expiries to see how market prices align with the max pain points. The alignment of today’s expiration event with key max pain levels makes it a crucial moment for traders.
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<p>The post $10.8 Billion Crypto Options Expiry: Market Impact and Strategies first appeared on CoinBuzzFeed.</p>
