Bitcoin (BTC) trades near $106.8K, down about 0.4% today. It's holding above the $106K–$107K range ahead of a massive $40 billion options expiry later today, which could trigger elevated volatility .

Ethereum (ETH) is hovering around $2,439, slightly down (~0.2%), mirroring a broad-correction phase among major altcoins .

🔍 What’s Driving the Movement?

1. Options Expiry on BTC

The significant options expiration today is urging traders to either lock in gains or hedge, making the market tilt toward cautious and choppy price action .

2. Profit-Taking Pullback

After hitting highs in May, BTC has retraced by around 5%, and ETH and other alts have retraced slightly amid traders booking profits .

3. Macro & Fundamental Catalysts

A weakening USD, continued inflows into crypto ETFs, and regulatory tailwinds (such as the U.S. stablecoin bill) are expected to support a renewed market upswing .

Recent momentum from Circle’s IPO and Senate progress on crypto‑regulating bills further adds to bullish sentiment .

🔭 Altcoins in Focus

Binance’s June 27 Square highlighted that altcoin trading volumes are in a consolidation phase (~$1.6 B monthly vs. $2.5 B average). Historically, such consolidations often precede a strong alt-season rebound .

Among alts:

XRP, SOL, ADA, DOGE—all shed some gains today, aligning with the broader market retracement .

🎯 Outlook & Watchpoints

Event Impact Level Why It Matters

BTC Options Expiry (today) High May spark sharp intra-day volatility as positions unwind or roll.

U.S. Dollar & ETF Flows Medium–High A weaker dollar and fund inflows could propel a rebound.

Regulatory Developments Medium Stablecoin clarity expected to bolster sentiment and long-term confidence.

Altcoin Volume Trends Low–Medium If volume rebounds, an alt-season rally may be on the cards.

✅ To Keep an Eye On

1. BTC Price Spikes/Dips around expiry—$106K and $108K key levels.

2. Altcoins’ volume rebound—a signal of renewed buying momentum.

3. Macro headlines: USD strength, ETF capital flows, regulatory clarity

In summary, the crypto market is in a short-term pause, driven by profit-taking and an options expiry event. However, underlying fundamentals—especially from macroeconomic and regulatory developments—remain su

pportive. A rebound in altcoin volumes might trigger broader upside.