As Bitcoin and Ethereum options expire, a $3.4 billion event adds to selling pressure. Markets at $1.64 trillion valuation show a 0.5% gain but face downward trends. Grayscale and miner sell-offs persist, impacting Bitcoin and Ethereum prices.
Xu LinBTC price has been gaining momentum as it nears $24,000, and this week's options expiry could help bulls profit $200 million.
CointelegraphBitcoin’s failure to break above $22,000 on July 8 opened room for bears to score a $100 million profit in this week’s options expiry.
CointelegraphBulls placed too much hope on $32,000 flipping to support, an error that is bound to show by Friday’s $800 million BTC options expiry.
CointelegraphBTC price lost the momentum that had pushed it to $32,300 on May 31, but this week’s option expiry could help bulls recapture the key price level.
CointelegraphTraders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry.
CointelegraphBitcoin is holding the $30,000 level, but the $640 million in BTC options that expire on May 20 could result in the price visiting recent lows.
CointelegraphBTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry.
CointelegraphBTC staged a small relief rally, but securing $41,000 is the key to determining whether or not the current sell-off has ended.
CointelegraphHolding BTC price below $39,000 will give bears a $350 million profit in this week’s $1.9 billion options expiry.
Cointelegraph