Massive $2-3 Billion Bitcoin and Ethereum Options Expiries: What Happens Next?
Get ready for an exciting week in the crypto market as both Bitcoin and Ethereum approach a massive options expiry worth an astounding $2-3 billion. With investors and traders closely monitoring the market dynamics post this event, here’s what you need to know:
Bitcoin Options Expiry: A Look Back
| Upcoming Expiry | Total Expiry Value | Open Interest |
|---|---|---|
| June 25, 2021 | $1.9 billion | $478 million |
On June 25, 2021, Bitcoin’s options expiry is expected to total $1.9 billion with an open interest of $478 million. Historically, Bitcoin’s price has shown remarkable resilience after options expiries, leading to a surge in optimism among investors.
Ethereum Options Expiry: A Game Changer
| Upcoming Expiry | Total Expiry Value | Open Interest |
|---|---|---|
| June 25, 2021 | $1.5 billion | $459 million |
Ethereum’s options expiry on the same day is expected to total $1.5 billion with an open interest of $459 million. Ethereum’s price has also displayed a strong rebound after previous options expiries, indicating potential for significant gains.
Survival Bias: Holding On to Crypto
The survival bias in the crypto market suggests that holding on to Bitcoin and Ethereum after options expiries could lead to substantial gains. For instance, after the May 2021 options expiry, both Bitcoin and Ethereum prices displayed a remarkable resilience, fueling investor optimism.
FOMO: Fear of Missing Out
As the prices of Bitcoin and Ethereum continue to climb post the options expiry, investors are witnessing a surge in Fear of Missing Out (FOMO). The fear of missing out on potential profits is driving many to jump on the cryptocurrency bandwagon, further fueling the market momentum.
