On September 6, a massive $1 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire. This event arrives as bearish sentiment pervades the crypto market.
The Put Call Ratios for both cryptocurrencies indicate a dominant preference for put options, reflecting traders' expectations of further price declines.
Both Bitcoin and Ethereum markets will be closely monitored to assess the potential impact of this options expiry on overall market trends and price movements.
