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A significant event in the cryptocurrency market is set to occur with $2.4 billion worth of Bitcoin and Ethereum options expiring on May 3. This expiry, managed by Deribit, could potentially lead to increased market volatility. The options contracts, heavily concentrated in Bitcoin and Ethereum, are anticipated to influence market dynamics significantly as the expiry date approaches. Notably, the maximum pain point for Bitcoin options is identified at $61,000, while the current price of Bitcoin slightly exceeds this at $61,897.
MASSIVE BITCOIN AND ETHER OPTIONS EXPIRY LOOMS, MARKET VOLATILITY ANTICIPATED - $BTC Bitcoin and $ETH Ether options contracts worth a staggering $2.4 billion are poised to expire on May 3, adding anticipation of heightened market volatility as expiry approaches. - The Deribit… https://t.co/MG9nNSeKqH https://t.co/86YUwWR5qP
JUST IN: $2.4B IN $BTC OPTIONS EXPIRE TODAY WITH A MAX PAIN POINT AT $61,000... CURRENT PRICE OF $BTC IS $61,897
JUST IN: $2,400,000,000 worth of #Bitcoin & Ethereum options expire today.
