Massive Bitcoin and Ethereum Options Expiry Set to Shake Markets

1 min read
Source: AMBCrypto News
Massive Bitcoin and Ethereum Options Expiry Set to Shake Markets
Photo: AMBCrypto News
TL;DR Summary

$4.7 billion in Bitcoin and Ethereum options are set to expire, potentially increasing market volatility. Bitcoin and Ethereum have seen recent price gains, with Ethereum benefiting from a new spot ETF approval. Technical analysis suggests possible short-term declines for both cryptocurrencies, with Bitcoin potentially dropping to $67,000 and Ethereum to $3,500. The market shows a bullish sentiment for Bitcoin with a put/call ratio of 0.61, while Ethereum's ratio of 0.84 indicates a more balanced outlook.

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