The recent surge in cryptocurrency markets has coincided with the unwinding of most Bitcoin and Ethereum options, which could lead to increased volatility. Quarterly open interest in Bitcoin and Ethereum accounted for 40% of the average daily volume in the options market, suggesting that the cryptocurrency market may be in for a significant increase in asset prices.

Despite successive lawsuits against Coinbaseicon and Binance, the crypto market has remained relatively unaffected in terms of price changes. A large number of BTC and ETH quarterly positions will expire on June 30, 2023, which may have an impact on the market. There will be 150,633 BTC options contracts worth $4.57 billion and $1.23 million ETH contracts worth $2.3 billion on Deribit Exchange. maturity.

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