📢Bitcoin and Ethereum options expiring: a $2 billion earthquake ready to shake the market: 😱😱😱😱😱😱
🔥The crypto market is bracing for potential volatility as Bitcoin and Ethereum options with a notional value of $2.06 billion are set to expire on Friday. This massive expiration could cause fluctuations in BTC and Ether prices.
🔥Bitcoin and Ethereum Options Surge of $2 Billion
The crypto traders are in a stir as a true wave of Bitcoin and Ethereum options worth over $2 billion are set to expire today.
🔥According to data, approximately 20,276 Bitcoin options contracts representing $1.35 billion, with a very high maximum strike price of $68,500, are set to expire.Simultaneously, no less than 201,647 Ethereum contracts worth $709.76 million, with a maximum strike price of $3,600, are also due to expire in a timing that is not coincidental.
🔥Experts’ Views on the Major Event
Adam, a macro researcher at Greeks.Live, an options trading tool, shared his insightful analysis on the upcoming expiration. According to him, although the week is crucial for macroeconomics, the crypto market has recently experienced disappointing performances, with mainstream coins and altcoins dropping significantly.
🔥Bitcoin and Ethereum experienced price drops before this major expiration. BTC, which was trading at $71,643 on June 7, briefly fell to $66,254 on June 11 before rebounding to $69,945 on June 12.
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