Bitcoin and Ethereum are approaching a pivotal moment with the impending expiry of $9.4 billion in Bitcoin options and $1.3 billion in Ethereum options on November 29. This event is anticipated to cause significant price movements in the cryptocurrency market.
The expiry is expected soon after the U.S. Thanksgiving holiday, which might influence trading volumes and market reactions. These massive sums in options could either increase volatility or stabilize prices, depending on market sentiment.
Traders and investors are closely monitoring the situation, as such large expiries have historical precedence for triggering market shakeups. This event could either reinforce current price trends or offer a potential turning point for Bitcoin and Ethereum prices.
The market's reaction to these expiries will be crucial in understanding the near-term direction for both Bitcoin and Ethereum. Investors might adjust their positions or strategies in response to the perceived risks and opportunities presented by the options' expiry.
