
Nearly $3 Billion of Bitcoin and Ethereum Options Set to Expire Today
While the expiration of the 375,000 BTC and ETH options, with a combined valuation of close to $3 million, may influence market dynamics, the overall impact is uncertain.
1H
0.55%$0.0877
24H
-2.99%$0.4944
7D
-2.49%$0.4096
30D
-5.35%$0.9066
While the expiration of the 375,000 BTC and ETH options, with a combined valuation of close to $3 million, may influence market dynamics, the overall impact is uncertain.
The surge in options trading at prices exceeding $65,000 on Deribit reflects the growing confidence among traders in Bitcoin’s potential for further gains.
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Ethereum Classic is a hard fork of Ethereum that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.
Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
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