Cryptocurrency Market Key Events Overview, Keep an Eye on These Nodes!
1. BTC Options Expiration Storm (June 28) Over $17 billion in BTC options are about to expire! Currently, only about 20% of call options have a strike price (>$108,000) above the current price, holders may choose to 'cash out' or 'extend for speculation', short-term volatility is expected to intensify! The biggest pain point is $102,000, and both bulls and bears are likely to engage in fierce battles around this price level.
2. ETH Options Expiration Alert (June 27, 16:00) Deribit platform's $1.64 billion ETH options are expiring, which is a significant proportion of the open contracts! The current biggest pain point for ETH is $1,800, and at expiration, the hedging and liquidation operations from both sides are very likely to trigger price fluctuations, volatility is coming.
3. Coinbase's $2.9 Billion Acquisition Move (May 8, 2025) Coinbase is splurging $2.9 billion ($700 million in cash + 11 million Class A common stock) to acquire Deribit, the 'top seat' in options! With Deribit's dominant market share of over 87% in BTC options and over 94% in ETH options, Coinbase is directly dominating the cryptocurrency derivatives space, taking its derivatives strategy to a new level and changing the industry landscape.
