This week, 38,500 Bitcoin options contracts expire worth around $3.4 billion. 📉 Market analysts are expecting a correction after the biggest rally in eight months. The put/call ratio of the options is 0.84, meaning long positions (calls) are slightly larger than short positions (puts).

A breakout of $100,000 could trigger FOMO in the options market and increase implied volatility. For Ethereum, a breakout price is expected to be $4,000.

Crypto markets cooled off at the end of the week, down 3.3%, but the total market cap remains above $3 trillion. Bitcoin fell 2%, while Ethereum fell 4%. Altcoins are mostly in the red, but XRP, Cardano (ADA), Near Protocol (NEAR), Litecoin (LTC), and Stellar (XLM) are all positive. 🚀