Over 3 billion USD in options for Bitcoin and Ethereum are set to expire, likely driving volatility. Bitcoin’s maximum pain is 94,000 USD, showing a bearish sentiment due to a higher ratio of put options. Similarly, Ethereum’s maximum pain is 1,850 USD, signaling traders expect a price drop.
Concerns regarding U.S.-China diplomatic relations add to market anxiety. The ongoing trade talks could create volatility, with traders apprehensive of potential negative outcomes that may impact crypto prices as both nations remain firm in their stances. The market is bracing for the effects.
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