Bitcoin and Ethereum Brace for Market Volatility Amid Options Expiry and Debt Ceiling Concerns.
TL;DR
Bitcoin and Ethereum have remained stable as $3.5 billion worth of options contracts expired this morning. The expiration of Bitcoin options on Deribit had a notional value of $2.26 billion, while Ethereum had $1.25 billion. The low-liquidity market conditions were expected to exacerbate the impact of the options expiration event. The market's attention will now turn toward June, which is currently showing a maximum pain level of $24,000 for Bitcoin and $1,600 for Ethereum. Traders are advised to be careful of more downside on Friday if $25,850 is breached.
- Bitcoin, Ethereum Hold Ground Amid $3.5B Options Expiry Event Decrypt
- Bitcoin Lingers Below $26.5 Amid Debt Ceiling Worries CoinDesk
- Trader Known for Calling Bottoms Says Bitcoin (BTC) and Ethereum (ETH) Set for Move Lower – Here’s His Target The Daily Hodl
- Bitcoin reaches ‘decision point’ — 4 BTC price metrics to watch Cointelegraph
- Bitcoin Weekly Forecast: BTC delays inevitable crash to $25,000 FXStreet
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