Heavy Warning! Nearly $3 billion Bitcoin options storm is imminent, a market storm is about to break out!
On June 14, the crypto market welcomes the largest options expiration wave of this quarter — a staggering total value of $2.96 billion Bitcoin options will collectively expire, which can be described as a "powder keg" that ignites market volatility! The current spot price of Bitcoin is around $104,000, slightly below the maximum pain price of $107,000, but the long and short positions are almost balanced, suggesting that a grand performance is about to unfold.
At the same time, Ethereum's $678 million options will also expire simultaneously, and traders remain vigilant about the downside risks following the recent decline, with bearish sentiment prevailing, indicating cautious market sentiment.
Why is options expiration so important? Prices typically fluctuate around the "maximum pain price," which is the price at which option holders could suffer the most significant losses. The massive options expiration means that many traders will close positions, hedge, or extend contracts, which can easily trigger sharp price fluctuations, especially in times of low trading volume, resulting in even more volatility!
The current market is under pressure, with global geopolitical tensions rising, a 7% decline in crypto asset market capitalization, Bitcoin breaking through key moving averages, and short-term bullish momentum weakening. Investors need to remain highly vigilant!
Key Predictions:
🔥 If Bitcoin holds above $101,000 and rebounds to $105,000, short positions may be aggressively squeezed, and the price is expected to challenge the resistance level of $107,000, opening a new chapter for a rebound!
⚠️ If it falls below $101,000, a drop to $97,800 or even $95,000 support may become inevitable, leading to a deeper market correction!
This options expiration storm may determine the market direction in the coming weeks, and those who dare to seize the opportunity will reap substantial rewards! Are you ready to face this earthquake in the crypto market?
