Bitcoin and Ethereum Brace for Volatility Amid Options Expiry and Triple Witching

Crypto traders are on high alert as billions in Bitcoin and Ethereum options expire alongside Wall Streets quarterly Triple Witching event, creating a perfect storm for market volatility. Over $1.7 billion in Bitcoin options roughly 24,000 contracts expired today on Deribit, with a max pain price sitting at $70,000. The put/call ratio has turned bearish at 1.30 as traders flooded into put options ahead of next weeks monthly expiry, where the max pain level rises to $75,000. Adding pressure, spot Bitcoin ETFs recorded net outflows of $90.2 million on Thursday, signaling a pullback in…  Read more

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