Bitcoin And Ethereum Options Set To Expire: $1.57 Billion In Play As Key Price Levels Emerge

As the crypto market braces for the upcoming expiration of Bitcoin and Ethereum options, traders are closely watching pivotal price levels.

A significant $1.10 billion in Bitcoin options and $466 million in Ethereum options are set to expire, bringing the “max pain” price into focus—$62,000 for Bitcoin and $2,500 for Ethereum.

These price points are critical, as they represent the level at which the largest number of options contracts could expire worthless, drawing strong market intrigue.

Ethereum’s key support zone is currently at $2,300, where around 2.4 million addresses have purchased a total of 52.6 million ETH. If the price dips below this level, it could trigger a wave of selling pressure as investors seek to minimize their losses, potentially leading to a further decline. This support level is seen as crucial for Ethereum’s short-term stability, and market participants are keeping a close eye on this zone.

Institutional Players Adjust Their Portfolio As ETFs Data Comes To Light 

Meanwhile, institutional players like BlackRock are actively adjusting their crypto portfolios. Recently, BlackRock sold 182 Bitcoin, worth approximately $11.34 million, reducing its Bitcoin holdings to 369,640 BTC, valued at $23.02 billion. At the same time, the asset management giant has increased its Ethereum holdings, purchasing 7,574 ETH for $18.52 million. BlackRock now holds a total of 414,168 ETH, valued at over $1 billion.

Additionally, on October 10, Ethereum spot ETFs saw a net inflow of $3.06 million, indicating growing interest from institutional investors despite the recent market volatility.

With these key events unfolding, the next few days could bring heightened volatility to the crypto market, as traders and investors alike monitor these crucial price levels and the impact of options expiration on the broader market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/bitcoin-and-ethereum-options-set-to-expire-1-57-billion-in-play-as-key-price-levels-emerge/