June 21st Crypto Market Analysis Bitcoin and Ethereum Options Expiry Forecasting Future Price Movements for BTC ETH

Today, there is a lot of excitement in the crypto market as Bitcoin and Ethereum options worth $1.96 billion are set to expire. This event could potentially impact the short-term prices of these leading cryptocurrencies.

Bitcoin Options Expiration: A Brief Overview
On June 21st, 2024, Bitcoin options with a total value of $1.26 billion will expire. These 19,668.60 contracts have a put-to-call ratio of 0.45 and a maximum pain point of $66,500. There are 13,552.40 open interest for call options and 6,116.20 for put options.

Tomorrow, on June 22nd, 2024, Bitcoin options worth $93.77 million will expire. These 1,457.20 contracts have a put-to-call ratio of 1.29 and a maximum pain point of $65,500. The open interest for call options is 637.70, and for put options, it is 819.50.

Ethereum Options Expiration: A Simple Analysis
Today, Ethereum options with a total value of $693.37 million will expire. These 197,068 contracts have a put-to-call ratio of 0.30 and a maximum pain point of $3,500.

Tomorrow, on June 22nd, 2024, Ethereum options worth $100.67 million will expire. These 28,908.00 contracts have a put-to-call ratio of 0.31 and a maximum pain point of $3,525. The call open interest is 22,099, and the put open interest is 6,809.

Bitcoin and Ethereum Market Analysis and Expectations
Analysts have noticed an increase in forward options volume, particularly in block calls. Despite high realised volatility, the implied volatility has remained steady, indicating that no significant market movement is anticipated before the quarterly delivery.

Currently, Bitcoin is priced at $64,215, with a 30-day change of -7.8% and a 7-day change of -4.0%. This week, BTC has fluctuated between $66,748 and $64,215. The 24-hour trading volume for Bitcoin is $125.835 million, with a weekly peak of approximately $162.179 million.

Ethereum’s current price is $3,485, with a 30-day change of -7.2% and a 7-day change of -1.2%. This week, ETH has ranged between $3,467 and $3,624. The 24-hour trading volume for Ethereum is $11.693 million, with a weekly peak of around $28.152 million.

While options expirations can cause temporary disruptions in the market, they often lead to stabilization. As traders and investors navigate these expirations, it is expected that the overall market will adjust accordingly.

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Bitcoin
Ethereum
Price Analysis