Bitcoin and Ethereum prices rebounded slightly but are still under selling pressure as price momentum fades as Bitcoin and Ethereum options worth nearly $2.5 billion are set to expire today. The volatility ahead of Bitcoin halving has increased as traders are pricing low upside momentum amid headwinds such as macro and selling by whales.
Bitcoin and Ethereum Options Worth $2.5 Billion to Expire
Crypto market to remain volatile before and after Bitcoin halving as experts pointed to selling sentiments in the crypto market due to the buildup of adverse conditions like hot CPI data this week and a massive drop in volumes in the derivatives market.
Greekslive revealed that sell contracts have been the most dominant trade of the month and halving expectations appearing to be overdrawn. With the recent slowdown in ETF inflows, the “lack of new hot spots in the market and a more subdued sentiment.” They expect selling medium-term is indeed the better option, and short term is worth it due
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