The crypto market is expected to experience price volatility as $1.62 billion worth of Bitcoin and Ethereum options contracts are set to expire. The Bitcoin options contract value is $1.25 billion, while Ethereum options are worth $367 million. This expiration could have an impact on traders' profitability. The options contracts have a bearish sentiment, with Bitcoin currently trading above its maximum pain point of $64,000 and Ethereum above its strike price of $2,500. As the contracts near expiration, BTC and ETH prices may approach their respective maximum pain points, potentially causing a drop in values. However, after the contracts settle, the pressure on prices could reduce. Analysts believe that Bitcoin and the broader market are looking for a strong push to reclaim its all-time high, with the upcoming US elections being a key driver for market sentiment.



Other News from Today