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$2.7 Billion in Bitcoin and Ethereum Expired: What’s Next?
Predicted to be a ‘big year’ for Bitcoin by Pantera Capital founder Alex Dovbnya, the crypto market is witnessing significant events unfold. Recently, approximately $2.7 billion in Bitcoin and Ethereum options expired, leaving traders with mixed emotions.
The price chart of Ethereum shows a consistent recovery from the 26 EMA, indicating that buyers are entering at pivotal points. The fact that ETH has recovered from recent declines despite the expiration indicates rising demand.
However, the holiday season’s reduced trading activity may limit price movements to the $3,500-$3,900 range for the time being. Markets have historically seen brief volatility following options expirations, as traders liquidate or modify their positions.
A combination of consolidation and irregular price movements may result from this dynamic and lower trading volumes over the holiday season. Although the expired maximum pain points — $98,000 for Bitcoin and $3,700 for Ethereum — serve as important reference levels, decreased trading activity may postpone any significant trend changes.
Traders should keep an eye out for any departure from these levels since it may reveal information about the direction of the market in 2025.
Source: u.today
