2023’s Grand Expiration Day in BTC and ETH Options is Approaching!

June 30 will be a very important milestone, given the current uncertainties in the crypto market, namely, the Grand Expiration in options on BTC and ETH, the most massive so far this year.

A whopping $3.3 billion in BTC options and $2.1 billion in ETH options will expire on June 30. That's a total of $5.4 billion, which is a staggering 42% of open positions across all options!

Bull and bear tug of war zone for Bitcoin is $27,000 strike. In this case so far, all indications are that the call option holders will come out in the money.

The bull and bear arm wrestling zone in Etherium is a $1750 strike. Let’s be tuned!