Major Bitcoin and Ethereum Options Expiry Could Impact Crypto Markets
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Around 29,000 Bitcoin options contracts, worth over $1.13 billion, are expiring today. The max pain price is around $37,000.
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There are almost twice as many calls than puts, meaning more optimism from buyers.
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This is the second largest BTC options expiry this month, until Dec 29 when 150,000 contracts expire.
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Around 230,000 Ethereum contracts, worth $470 million, are also expiring today.
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Crypto markets are up 1% on the day, with Bitcoin hitting resistance around $38,000 3 times this past week.