This Friday, June 6, crypto markets brace for the expiration of $3.8 billion worth of options contracts—an event that could stir volatility across Bitcoin, Ethereum, and altcoins.
▪ What’s About to Happen?
🔹 Bitcoin options: Around 30,700 contracts will expire, carrying a notional value of $3.2 billion.
🔹 The put/call ratio is 0.76, signaling a slight bias toward long positions, yet caution prevails.
🔹 The max pain point (where the most losses occur) is $105,000, just above the current spot price.
According to Deribit, open interest is highest at strike prices of $115,000 ($1.7B) and $140,000 ($1.6B)—indicating some bulls are still holding onto hope, despite recent weakness.
▪ Market Caution Dominates
Derivatives analytics firm Greeks Live reported on Thursday that sentiment remains bearish. Many traders expect Bitcoin to resume its correction, despite short-lived upward movements. With volatility at persistently low levels, the options market is navigating tough conditions.
Short call positions between $108,000 and $109,000 expiring on June 7 are among the most popular plays, signaling that traders don’t believe BTC will break resistance anytime soon.
“Most are avoiding longing at current levels despite the temptation. Some expect a deeper flush before considering long entries,” said Greeks Live.
▪ Ethereum Joins the Expiry Wave
In addition to BTC, today also sees 241,000 Ethereum options contracts expiring—worth $624 million in notional value. The max pain point is set at $2,600, and the put/call ratio stands at 0.69, reflecting slight bearish sentiment here too.
▪ Market Slumps: $150 Billion Wiped Out in One Day
The broader crypto market fell by 5.5% in 24 hours, erasing over $150 billion in value. The total market cap dropped to $3.3 trillion, marking the lowest level in nearly a month.
🔹 Bitcoin lost 2.7%, dipping to $101,000—down nearly 9% from its all-time high.
🔹 Ethereum plunged 7%, dropping from over $2,600 to around $2,400.
🔹 Altcoins like Dogecoin, Sui, and Shiba Inu suffered even heavier losses, some into double digits.
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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Crypto Market on Edge: Will $3.8 Billion in Options Expiry Trigger More Selling?
This Friday, June 6, crypto markets brace for the expiration of $3.8 billion worth of options contracts—an event that could stir volatility across Bitcoin, Ethereum, and altcoins.
▪ What’s About to Happen? 🔹 Bitcoin options: Around 30,700 contracts will expire, carrying a notional value of $3.2 billion.
🔹 The put/call ratio is 0.76, signaling a slight bias toward long positions, yet caution prevails.
🔹 The max pain point (where the most losses occur) is $105,000, just above the current spot price. According to Deribit, open interest is highest at strike prices of $115,000 ($1.7B) and $140,000 ($1.6B)—indicating some bulls are still holding onto hope, despite recent weakness.
▪ Market Caution Dominates Derivatives analytics firm Greeks Live reported on Thursday that sentiment remains bearish. Many traders expect Bitcoin to resume its correction, despite short-lived upward movements. With volatility at persistently low levels, the options market is navigating tough conditions. Short call positions between $108,000 and $109,000 expiring on June 7 are among the most popular plays, signaling that traders don’t believe BTC will break resistance anytime soon. “Most are avoiding longing at current levels despite the temptation. Some expect a deeper flush before considering long entries,” said Greeks Live.
▪ Ethereum Joins the Expiry Wave In addition to BTC, today also sees 241,000 Ethereum options contracts expiring—worth $624 million in notional value. The max pain point is set at $2,600, and the put/call ratio stands at 0.69, reflecting slight bearish sentiment here too.
▪ Market Slumps: $150 Billion Wiped Out in One Day The broader crypto market fell by 5.5% in 24 hours, erasing over $150 billion in value. The total market cap dropped to $3.3 trillion, marking the lowest level in nearly a month. 🔹 Bitcoin lost 2.7%, dipping to $101,000—down nearly 9% from its all-time high.
🔹 Ethereum plunged 7%, dropping from over $2,600 to around $2,400.
🔹 Altcoins like Dogecoin, Sui, and Shiba Inu suffered even heavier losses, some into double digits.
#Ethereum , #bitcoin , #options , #CryptoMarket , #CryptoVolatility
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“