Tension in the crypto market ahead of the expiration of $3.7 billion in options
Bitcoin (BTC)
Nearly $4 billion in Bitcoin and Ethereum options expire this Friday, June 6, drawing attention to a pressured market. With mostly bullish positions and prices below critical thresholds, this expiration could trigger a wave of volatility. In a tense geopolitical climate, traders and institutional investors move cautiously, aware that the slightest price movement could redistribute the cards in the very short term.
In summary
Nearly $3.7 billion in Bitcoin and Ethereum options expire today, an expiration that could provoke strong jolts in the market.
Calls overwhelmingly dominate open positions, with a Put/Call ratio of 0.7 for BTC and 0.63 for ETH, signaling bullish sentiment on the surface.
Critical levels are identified: $105,000 for Bitcoin and $2,575 for Ethereum, compared to significantly lower current prices.
Today's expiration constitutes a key moment, revealing the widening gap between short-term expectations and the bullish outlook for the fourth quarter.
