Crypto Market Braces for $2.5 Billion Options Expiry Amid Rising Volatility
$2.5 billion in Bitcoin and Ethereum options expire today, driving market volatility and influencing future price trends.

$2.5 billion in Bitcoin and Ethereum options expire today, driving market volatility and influencing future price trends.
Bitcoin surged to $66,000 but faces potential correction with 18,000 options expiring today. Max Pain at $63,000 suggests price pressure. Despite softer CPI data, demand for short-term downside protection remains. Long-term outlook optimistic, with growing institutional involvement, especially with CME Group's Bitcoin spot trading introduction.
Today, 18,000 Bitcoin options worth $1.23 billion expire, a smaller event than last week's $15 billion. Weakness persists in the market with $150 billion outflow. Bitcoin retreats to $66,500, Ethereum to $3,275. Altcoins show mixed performance.
Bitcoin bulls optimistic as Deribit's $15B options expiry nears. Speculation of $80,000 surge post-expiry. Current price at $70,140, with $200,000 target predicted. Cautious optimism urged amidst market volatility.
Options expiry looms, potentially bringing volatility to Bitcoin and Ether markets. Dealer hedging and significant in-the-money expiries could drive price fluctuations, particularly around $70,000. Investors should monitor closely for potential opportunities amidst increased uncertainty and choppy movements.
As Bitcoin and Ethereum options expire, a $3.4 billion event adds to selling pressure. Markets at $1.64 trillion valuation show a 0.5% gain but face downward trends. Grayscale and miner sell-offs persist, impacting Bitcoin and Ethereum prices.
BTC price has been gaining momentum as it nears $24,000, and this week's options expiry could help bulls profit $200 million.
BTC bulls aim to secure a $235 million profit from July 22’s BTC options expiry, but a downside move below $22,000 could nix this plan.
BTC price lost the momentum that had pushed it to $32,300 on May 31, but this week’s option expiry could help bulls recapture the key price level.
BTC staged a small relief rally, but securing $41,000 is the key to determining whether or not the current sell-off has ended.