$1.85 Billion in Bitcoin and Ethereum Options Expire Today Amid Mixed Market Sentiments
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Nearly $1.85 billion in Bitcoin and Ethereum options are set to expire today, potentially causing market volatility. Bitcoin will see 23,832 contracts worth $1.37 billion expire, while 156,792 Ethereum contracts worth $488.05 million will also expire. The market has been influenced by economic factors, including the US CPI data released on July 11, which showed a 3% year-over-year inflation rate for June. Analysts note that implied volatility levels have rebounded significantly, requiring traders to navigate this period carefully by analyzing technical indicators and market sentiment.
Source: beincrypto.com ↗
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