Bitcoin and Ethereum options worth about $11 billion are set to expire on Friday, June 26, as crypto markets trade near fresh lows. The batch includes around 153,500 Bitcoin contracts valued at roughly $9.3 billion. The timing matters since month-end and quarter-end expiries often bring sharper price swings.
The total crypto market value has dropped by more than $180 billion since Monday. The broader market has now slipped to an almost two-year low. At the same time, spot prices have taken another hit as traders face a fresh wave of pressure.
traded near $58,000 before recovering toward $60,000 in Asian trading. It was down 2.7% on the day and 4.5% on the week. Could this expiry add more pressure to an already battered spot market?