Today brought extreme tension to the crypto market. On the derivatives exchange Deribit, Bitcoin and Ethereum options contracts worth over $3.6 billion are set to expire, potentially triggering significant price swings and heightened volatility.

📉 What’s Happening Right Now?

🔹 Bitcoin (BTC) has recently surged from $105,000 to approximately $109,000.

🔹 On July 4th, BTC options worth $3 billion and ETH options worth $612 million are expiring.

These expirations are crucial as the market approaches the so-called "maximum pain point"—the price level where the most options expire worthless, causing the highest losses to option holders.

  • BTC max pain: $106,000

  • ETH max pain: $2,500

There are growing concerns that prices may be pushed toward these levels as part of strategic positioning, creating potential manipulation risks.

🔍 Put/Call Ratio: What Is the Market Signaling?

The put/call ratio measures market sentiment:

  • BTC put/call ratio = 1.05 → Neutral market

  • ETH put/call ratio = 1.24 → Bearish trend

A value near 1 indicates a balanced market. Ethereum’s higher ratio suggests bearish expectations and increased hedging activity.

📊 What Comes Next?

The impact of today’s expirations on BTC and ETH prices will unfold in the coming hours. Events of this scale often spark increased volatility and may serve as catalysts for stronger price movements in either direction.

Although the data hints at downward pressure, BTC currently trades above the $109,000 level, which is higher than the max pain price. A drop could reward short sellers, while a further increase might trigger a short squeeze, forcing them to buy back into the market rapidly.


Conclusion:

Today could be pivotal for Bitcoin and Ethereum. We are watching closely and urge traders to remain cautious. This isn’t just another Friday—today, billions are at stake.



#BTC , #ETH , #cryptooptions #CryptoVolatility , #CryptoCommunity

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