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$7 Billion Worth of Bitcoin and Ethereum Options Set to Expire Tomorrow, Causing Potential Market Volatility

June 29 (Cointime) - According to Greeks Live portal, tomorrow will see the expiration of quarterly options on Bitcoin and Ethereum, with a combined notional value of $7 billion. This is $300 million more than the previous quarter's value.

The put/call ratio for both cryptocurrencies indicates a bullish market outlook, and experts predict increased volume and volatility in the underlying assets as traders rebalance or close their positions.

If Bitcoin stays above $30,000 by the time these options expire, dealers will be compelled to purchase BTC on spot and futures markets. Investors and enthusiasts are advised to approach the markets with caution.

Bitcoin Bitcoin $94,605.11
-3.11%
Bitcoin Ethereum
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