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$2.27 Billion in Bitcoin and Ethereum Options Set to Expire: Price Impact

Author: Content Editor
The crypto market is anticipating the expiration of $2.27 billion worth of Bitcoin and Ethereum options, potentially leading to short-term price volatility. Bitcoin options account for $1.81 billion of this total, while Ethereum options represent $459 million. The expiration of these options contracts could impact the profitability of traders. Despite the ongoing decline in Bitcoin's price, the put-to-call ratio for Bitcoin options indicates a generally bullish sentiment. Similarly, the put-to-call ratio for Ethereum options suggests a bullish sentiment despite a decrease in the number of contracts expiring. As the expiration time approaches, Bitcoin and Ethereum prices are expected to gravitate towards their respective maximum pain points. The expiration of these options contracts could lead to increased volatility in the crypto markets. Meanwhile, analysts are divided on the next directional bias for Bitcoin's price, with some hoping for further upside while others anticipate downside if support around $92,000 breaks. Glassnode data indicates a weakening of short-term demand momentum for Bitcoin, which could impact liquidity and increase volatility.

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