• $2.09 billion in Bitcoin options and $624 million in Ethereum options are set to expire today at 8 AM UTC.
• Bitcoin’s max pain price is at $98,000, while Ethereum’s is at $3,700. 
• Deribit exchange will witness expiration of $1.83 billion in Bitcoin options in notional value.

Traders were watching closely this morning as Bitcoin and Ethereum options worth a combined $2.7 billion expired at 8 AM UTC. Now with the dust settled, it appears both Bitcoin and Ethereum have experienced a slight dip in price.

Bitcoin options with a notional value of $2.09 billion expired earlier today, while Ethereum options totaling $624 million in notional value also reached their conclusion. The concept of “max pain price,” which indicates the price level at which option holders face the greatest financial loss, is a crucial element in anticipating price action following such events.

The post BTC & ETH Price Outlook After $2.7B Options Expiry: Max Pain Levels and Technical Targets appeared first on Coin Edition.

• $2.09 billion in Bitcoin options and $624 million in Ethereum options are set to expire today at 8 AM UTC.
• Bitcoin’s max pain price is at $98,000, while Ethereum’s is at $3,700. 
• Deribit exchange will witness expiration of $1.83 billion in Bitcoin options in notional value.

Traders were watching closely this morning as Bitcoin and Ethereum options worth a combined $2.7 billion expired at 8 AM UTC. Now with the dust settled, it appears both Bitcoin and Ethereum have experienced a slight dip in price.

Bitcoin options with a notional value of $2.09 billion expired earlier today, while Ethereum options totaling $624 million in notional value also reached their conclusion. The concept of “max pain price,” which indicates the price level at which option holders face the greatest financial loss, is a crucial element in anticipating price action following such events.

The post BTC & ETH Price Outlook After $2.7B Options Expiry: Max Pain Levels and Technical Targets appeared first on Coin Edition.