Crypto Market Braces For $4.6 Billion Bitcoin and Ethereum Options Expiry

The crypto market is bracing for one of the largest monthly expiries as significant amounts of Bitcoin and Ethereum options are set to expire, causing volatility in the market. 105.8k BTC options with a notional value of $3.1 billion are set to expire on April 28, with a put/call ratio of 0.86, and 807.2k ETH options are set to expire, with a notional value of $1.55 billion and a put/call ratio of 0.78. The BTC price is trading near the $29,500 level, and the ETH price is trading above the $1,900 level. The market is expected to experience volatility until the US Federal Reserve's rate hike monetary policy decision on May 3. (coingape)

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