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Crypto Market Braces for Volatility as Bitcoin and Ethereum Options Near Expiration

June 26 (Cointime) - The recent surge in the crypto market coincided with the closing of a significant portion of Bitcoin and Ethereum options, potentially leading to increased volatility. Bitcoin and Ethereum quarterly positions dominate 40% of the average daily volume in the options market, indicating that the crypto market may experience a significant increase in asset prices.

Despite back-to-back lawsuits against Coinbase and Binance, the crypto market remained relatively unaffected in terms of price changes. The expiration of a large share of BTC and ETH quarterly positions on June 30, 2023, could have a market-moving impact, with 150,633 BTC options contracts worth $4.57 billion and $1.23 million ETH contracts valued at $2.3 billion set to expire on Deribit Exchange.

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