According to BeInCrypto, over $5.6 billion in Bitcoin and Ethereum options are set to expire today, increasing market volatility as traders face key support levels. Bitcoin options account for $4.7 billion, with max pain at $118,000, while Ethereum options total $944.5 million, with max pain at $4,400. Deribit analysts note a split between $110,000 puts and $120,000 calls for Bitcoin, and a more bullish outlook for Ethereum. Glassnode data shows Bitcoin trading above its short-term holder cost basis, signaling bullish momentum but also short-term risk. The expiry could influence price direction, with traders watching for support level reactions and potential leverage resets.
Over $5.6 Billion Bitcoin and Ethereum Options Set to Expire, Sparking Volatility
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