The cryptocurrency market is on high alert as $1.62 billion in Bitcoin and Ethereum options are set to expire today. This event is expected to contribute to potential market volatility and fluctuations in prices.
The expiring options could lead to shifts in market sentiment, impacting Bitcoin and Ethereum specifically. In particular, traders are watching for the possibility of new all-time highs or other significant price movements.
The current put-to-call ratio for Ethereum is also under scrutiny, reflecting traders' expectations and strategies going forward.
