Why Bitcoin, ETH, & Altcoins Are Dumping Hard This Week
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- Bitcoin and Ethereum face volatility as $23B in options expire, hitting max pain levels.
- U.S. shutdown fears and strong GDP data heighten short-term crypto market caution.
- High retail leverage in altcoins triggers rapid liquidations, amplifying market-wide losses.
The crypto market is under sharp pressure this week, reversing the bullish tone that marked early September. Bitcoin and altcoins have stumbled into volatile trading ranges, with panic selling surfacing as whales appear to take advantage of weak positioning.
Analyst Ash Crypto highlights four key factors driving the downturn.
4 REASONS WHY CRYPTO MARKET IS DUMPING HARD THIS WEEK
1) OPTIONS EXPIRY
TOMORROW, $23 BILLION IN BITCOIN AND ETHEREUM OPTIONS WILL EXPIRE.
THIS IS A QUARTERLY OPTIONS EXPIRATION AND OFTEN BRINGS HIGH VOLATILITY.
MAX PAIN PRICE FOR $BTC IS $110,000 AND $3,700 FOR $ETH.… pic.twitt…
Read The Full Article Why Bitcoin, ETH, & Altcoins Are Dumping Hard This Week On Coin Edition.
In This News
Coins
$ 77.45K
+0.47%
$ 0.0796
-0.24%
$ 2.11K
-0.20%
$ 0.00...361
$ 0.732
Share:
In This News
Coins
$ 77.45K
+0.47%$ 0.0796
-0.24%$ 2.11K
-0.20%$ 0.00...361
$ 0.732
Share:
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