Bitcoin and Ethereum have seen a slight increase in price despite a hefty options expiration event this morning. The notional value of Bitcoin options was $2.26 billion and $1.25 billion for Ethereum. The put-to-call ratio for Bitcoin was 0.44 and for Ethereum, every put option had two call open options opened, suggesting bullish positions. Low liquidity conditions could lead to volatility, with the maximum pain point for June being $24,000 for Bitcoin and $1,600 for Ethereum.
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Bitcoin, Ethereum Prices Remain Steady Despite $3.5B Options Expiration
Bitcoin and Ethereum have seen a slight increase in price despite a hefty options expiration event this morning. The notional value of Bitcoin options was $2.26 billion and $1.25 billion for Ethereum. The put-to-call ratio for Bitcoin was 0.44 and for Ethereum, every put option had two call open options opened, suggesting bullish positions. Low liquidity conditions could lead to volatility, with the maximum pain point for June being $24,000 for Bitcoin and $1,600 for Ethereum.