On June 5, Bitcoin and Ethereum options worth a combined $1.89 billion expired as both cryptocurrencies traded near multi-month lows. Bitcoin options, valued at $1.62 billion, expired far below their key max pain level of $70,500, with Bitcoin briefly dipping near $60,000 amid a sharp selloff. Ethereum options, worth $270 million, also faced pressure with a max pain level near $2,000. The market saw increased hedging demand and bearish activity, reflecting cautious sentiment amid weak crypto momentum. Meanwhile, hopes for a Middle East ceasefire initially pushed oil and gold prices lower, but renewed tensions kept broader market risks alive. Traders now watch key Bitcoin and Ethereum support levels and macro signals to gauge if the expiry will ease or deepen market weakness.
Ethereum's price has dropped below the key $1,700 level due to ongoing macroeconomic stress, ETF outflows, and liquidations of long positions, pushing it into a deep correction phase. The Relative Strength Index (RSI) shows Ethereum is heavily overso...
Bitcoin's price dropped below $62,000, continuing a 14% monthly decline driven by increased selling pressure from large holders (whales) and $4.4 billion in Bitcoin ETF outflows. Whale deposits to Binance surged, signaling potential further selling, ...
Bitcoin fell 14.5% over the week to $62,715, driven by Broadcom's disappointing AI semiconductor forecast which triggered a broader market selloff, including a 1.2% drop in Nasdaq futures and declines in Asian markets. Ethereum and Solana also droppe...
Reza Bundy, CEO of Atlas Capital, predicts Bitcoin could plunge up to 70% within six months, falling to a range of $26,000 to $30,000 amid potential market turmoil similar to the 2008 financial crisis. Despite this short-term bearish outlook, Bundy f...
Bitcoin is trading near $62,880 with a slight decline over the past week, testing support levels while Ethereum has dropped more sharply to $1,674. Bitcoin dominance remains high at 56.2%, indicating a BTC-led market as traders remain cautious, espec...
