Ethereum

Bitcoin

Billion

Spot

<p>The crypto market is bracing for potential volatility as Bitcoin and Ethereum options with a notional value of $2.06 billion are set to expire on Friday. This massive expiration could cause fluctuations in BTC and Ether prices.</p>
<h2 id="h-bitcoin-and-ethereum-options-surge-of-2-billion">Bitcoin and Ethereum Options Surge of $2 Billion</h2>
<p>The crypto traders are in a stir as a true wave of Bitcoin and Ethereum options worth over $2 billion are set to expire today.</p>
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<p>According to <a href="https://x.com/btc__options/status/1801488207831572668?s=46" target="_blank" rel="noopener noreferrer nofollow">data</a>, approximately 20,276 Bitcoin options contracts representing $1.35 billion, with a very high maximum strike price of $68,500, are set to expire.</p>
<p>Simultaneously, no less than 201,647 <a href="https://www.cointribune.com/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum contracts</a> worth $709.76 million, with a maximum strike price of $3,600, are also due to expire in a timing that is not coincidental.</p>
<p>The put/call ratios, indicators measuring the balance between outstanding buy and sell options, are at 0.49 for Bitcoin and 0.36 for Ethereum. These levels below 1 suggest a predominance of long positions over short positions, a potentially bullish signal to watch closely.</p>
<p>However, savvy investors will remain vigilant, as such massive options expirations generally translate into bouts of market volatility, at least in the short term.</p>
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<h2 id="h-experts-views-on-the-major-event">Experts’ Views on the Major Event</h2>
<p>Adam, a macro researcher at Greeks.Live, an options trading tool, shared his insightful analysis on the upcoming expiration. According to him, although the week is crucial for macroeconomics, the crypto market has recently experienced disappointing performances, with mainstream coins and altcoins dropping significantly.</p>
<p>He also noted that the implied volatilities of Bitcoin and Ethereum are currently at relatively low levels, offering buyers a high cost-effectiveness ratio. Adam suggested that traders prepare for the potential approval of an <a href="https://www.cointribune.com/en/gary-gensler-predicts-ethereum-etf-approval-by-summers-end/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Spot ETF</a> by the end of the month, by planning in advance to buy options for the next month.</p>
<p>Bitcoin and Ethereum experienced price drops before this major expiration. BTC, which was trading at $71,643 on June 7, briefly fell to $66,254 on June 11 before rebounding to $69,945 on June 12.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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<p>Currently, Bitcoin is trading at $67,064, a <a href="https://www.cointribune.com/en/bitcoin-reaches-transaction-highs-as-active-addresses-drop/" target="_blank" rel="noopener noreferrer nofollow">6% drop</a> over the past week. Meanwhile, Ethereum has fallen by 7.8%, trading at $3,519.</p>
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Bitcoin and Ethereum options expiring: a $2 billion earthquake ready to shake the market

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