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23,000 BTC and 177,000 ETH options are set to expire today. Is a price volatility on the horizon?
April 18th- The crypto market is at a critical moment with massive options anticipating expiry. Traders are closely watching price action with expectations of potential sharp price movements. With many altcoins having notable price correlation with Bitcoin, the ripple effect could spread accross the market.
According to Crypto Rover on X (formerly Twitter):
23,000 $BTC OPTIONS WORTH $1.97B AND 177,000 $ETH OPTIONS WORTH $280M EXPIRE TODAY, EXPECT MASSIVE VOLATILITY!
ETH is currently trading between two major supply zones, that is $1,540 and $1,630. Crypto analyst Ali Martinez has shared this insight, citing that a breakout on either side could define the next move for the king of altcoins.
With Bitcoin and Ethereum leading the crypto market, significant volatility affecting their prices is a market concern. Investors are closely monitoring the market to make their next moves.
