Bitcoin and Ethereum Decline Ahead of $3.1 Billion Options Expiry
Temporary Pressure from Options
The market is experiencing tension before the expiry date of $3.1 billion options contracts, leading to a temporary decline in Bitcoin and Ethereum prices.
Direct Impact on the Market
Bitcoin has dropped from $106K to around $103K, and Ethereum from $2,800 to $2,570.
Next Support Level
Analysts are monitoring the $100,000 level for Bitcoin and $2,500 for Ethereum as key support lines if the pressures continue.
