On October 25, a significant financial event occurred as options valued at $5.28 billion for both Bitcoin and Ethereum reached expiry. This expiration has sparked unease among traders who are now bracing for potential market volatility ahead of the upcoming U.S. elections.
Data from GreekLives suggests a divergence in the performance of these leading cryptocurrencies. Bitcoin has demonstrated resilience, with recent price highs that have captured the attention of market analysts and investors. Conversely, Ethereum faces challenges, as it struggles with its lowest prices since 2021.
A substantial volume of contracts was involved in this expiration, with a total of 63,000 Bitcoin options expiring. Such large-scale financial movements compel traders to formulate strategies that could mitigate risks associated with possible market fluctuations that elections typically bring.
