In the past 24 hours, the cryptocurrency market has seen activity levels not witnessed in years. The key factors behind this situation are the expiry of options and a substantial inflow of stablecoins.
Options Expiry and Its Impact
There are $5.9 billion in Bitcoin and Ethereum options set to expire. Such events typically result in heightened volatility as traders close or roll over positions.
Whale Activity and Market Sentiment
Analysts describe the current whale accumulation as **'buying like never seen before in history.'** The aggressive deployment of stablecoins suggests confidence in a near-term price surge.
Price Predictions for Bitcoin and Ethereum
Price predictions:
**Bitcoin (BTC):** - Bullish scenario could see BTC reclaim **$118K**, with targets of **$122K–$125K**. - Bearish scenario might push BTC towards **$111K–$109K** if support at **$115K** fails.
**Ethereum (ETH):** - In a bullish scenario, ETH could retest **$4,350**, aiming for a breakout to **$4,500–$4,650**. - A bearish drop below **$4,100** could trigger a pullback to **$3,950–$3,900**.
The current state of the cryptocurrency market shows high volatility and significant activity from large investors. It is advisable for traders to monitor developments carefully to avoid potential pitfalls.
