As June closes, both Bitcoin (BTC) and Ethereum (ETH) are stuck in uncertainty. With over $40 billion in BTC and ETH options expiring, traders are on edge — and the market is already reacting.
Bitcoin, now near $107,000, saw sharp liquidations on both sides: $28.6M in longs and $25.2M in shorts flushed out in just 24 hours. Speculators are retreating, with open interest dropping 7%, pointing to a cautious reset.
Ethereum is holding slightly stronger at around $2,450, thanks to stable ETF inflows and renewed attention on its role in powering stablecoins and DeFi. Still, it too is feeling the macro pressure.
Fueling the caution: core U.S. inflation climbed to 2.7%, shrinking chances of a Fed rate cut. That’s keeping financial conditions tight — and crypto assets like BTC and ETH under pressure.
With massive options expiry, sticky inflation, and fading momentum, the next big move for both Bitcoin and Ethereum may come sooner than later — but direction is still up for grabs.
$BTC $ETH #BTC #ETH
