Bitcoin, Ether Options Expiry to Trigger Market Volatility, Expect Renewed Bullishness

On Friday, June 28, Bitcoin and Ether options worth a combined $10 billion are set to expire on the leading crypto derivatives exchange Deribit. This expiry, representing over 40% of the current cumulative open interest, could trigger a surge in market volatility as traders adjust their positions. Over 25% of the options are set to expire "in the money," meaning their holders will see profits, potentially pushing prices higher. Despite recent market downturns, traders are optimistic about the future of Bitcoin and Ether, anticipating a bullish shift in July. The upcoming trading of an Ethereum ETF in the first week of July is also expected to boost sentiment.