June has become a significant time for the expiry of options on Bitcoin and Ethereum, creating a wave of interest and anticipation in the crypto world.
Data on BTC and ETH Options Expiry
According to information from Deribit, over $17 billion in Bitcoin and Ethereum options will expire on June 27, marking the largest expiry of this year.
Of this total, $15 billion consists of BTC options with a Put/Call Ratio of 0.74 and a Max Pain Point of $102,000. Meanwhile, $2.3 billion is attributed to ETH options with a Put/Call Ratio of 0.52 and a Max Pain Point of $2,200.
Current Prices of BTC and ETH
At the time of writing, BTC is trading above $107,000, having earlier reached $108,000. This rise is attributed to global adoption and increasing institutional interest.
Ethereum is also demonstrating positive momentum, trading above $2,400 with a rise of more than 1% in the past 24 hours. Earlier, Ethereum had topped over $2,516.
Optimism in the Crypto Market
Optimism in the crypto market, especially following the latest news from the US, is rising. Reports indicate that the housing system has officially recognized Bitcoin and crypto as assets that could be eligible for mortgages.
The expiry of Bitcoin and Ethereum options on June 27 represents an important event for the crypto market, highlighting the growing interest and acceptance of these assets.
