Bitcoin Options Expiry: How Traders Are Pricing For Bitcoin Halving

Bitcoin and Ethereum traders are closely monitoring the options expiry today, which coincides with the upcoming Bitcoin halving event. With nearly $2.5 billion worth of options on the line, there is heightened volatility in the market. Despite a slight rebound in prices, both Bitcoin and Ethereum are still struggling against selling pressure. Traders are cautiously pricing in low upside momentum due to the prevailing macroeconomic conditions and the influence of large-scale selling by whales. In this uncertain environment, market participants are keeping a vigilant eye on the evolving situation surrounding the Bitcoin halving and the impact it may have on cryptocurrency prices.