Over $2 Billion in Bitcoin and Ethereum Options Expire Today Amidst Market Volatility
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Over $2 billion in Bitcoin and Ethereum options contracts expire today. The Bitcoin contracts have a max pain point around $45,000.
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There is major open interest at the $50,000 BTC strike price, with $1.2 billion in calls anticipating prices to rise.
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262 million Ethereum options worth $680 million also expire today, with a max pain point around $2,400.
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Crypto markets are up 1% today despite the expiring options, with Bitcoin at $46,262 and Ethereum above $2,600.
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Repeated fake news this week made crypto markets "frequently and sharply volatile" according to one source.