Bitcoin and Ethereum options worth $18 billion are expiring today, marking the largest expiration in history. This includes 88,537 Bitcoin contracts and 796,021 Ethereum contracts. The substantial expiry volume underscores traders’ expectations for profit and indicates a significant rise in demand and bullish sentiment.
Both Bitcoin and Ethereum are trading above their maximum pain prices, suggesting imminent market volatility. The put/call ratios of 0.69 for Bitcoin and 0.41 for Ethereum reflect trader Optimism. The impending market movements emphasize the critical influence of these expiries on cryptocurrency values.
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