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High Volatility Expected as $17.8B Bitcoin & Ethereum Options Expire Tomorrow

Summary: The cryptocurrency market is currently experiencing decreased trading volumes and heightened volatility due to the holiday season. Tomorrow, $17.8 billion worth of Bitcoin and Ethereum options contracts are set to expire, which could further intensify the market's volatility. Crypto influencer Ashcrypto has highlighted the potential for sharp price fluctuations, presenting both opportunities and risks for traders. The expiration of these contracts is expected to have a significant effect on the crypto market as a whole. The outcome of the expiration will depend on whether the majority of options are bullish or bearish, which will set the tone for the market in the new year. Short-term traders should focus on identifying key support and resistance levels, while long-term investors may consider portfolio assessment and dollar cost averaging strategies if prices dip significantly.

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