🚀 Crypto Alert: A massive options expiry is set to shake up the market this Friday! At 8:00 UTC, 146,000 BTC options worth $14 billion will expire on Deribit, marking the largest event of its kind. Meanwhile, ETH options valued at $3.84 billion are also due.
📉 BTC's bullish momentum has stalled, dropping over 10% since the Fed's decision last week. Traders are on edge, with potential volatility looming as positions may be squared off or rolled over.
📊 ETH shows a more bearish outlook compared to BTC, with a higher put-call skew ratio.
What do you think this means for the crypto market? Share your thoughts in the comments!