Over 3.3 billion USD in Bitcoin and Ethereum options are expiring today, which could result in significant short-term price movements for both cryptocurrencies. Bitcoin’s max pain price is 104,000 USD, while Ethereum’s is 2,450 USD.
Despite prevailing bearish sentiment as indicated by a put-to-call ratio over 1, the analysts anticipate a bullish turnaround for both BTC and ETH in the long run, with projections that BTC could retreat to the range of 100,000 USD to 103,000 USD.
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