Bitcoin options exhibit significantly higher open interest than Ethereum, which has seen a marked decline in trading volumes. As of the April expiry, BTC’s maximum pain level is projected at 85,000 USD, while ETH stands at 1,900 USD.
The upcoming expiry of a total of 8 billion USD in crypto options, with 7.2 billion USD for BTC and 800 million USD for ETH, indicates that whales may push prices toward maximum pain levels. Traders are notably more bearish on ETH compared to BTC.
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