Ethereum's $1.5B options expiry on June 25 will be a make-or-break moment
Cointelegraph
Published Jun 12, 2021 05:30PM ET
Updated Jun 12, 2021 07:00PM ET
On June 25, Ether (ETH) will face its largest options expiry in 2021 as $1.5 billion worth of open interest will be settled. This figure is 30% larger than March's 26 expiry, which took place as Ether price plunged 17% in 5 days and bottomed near $1,550.
However, Ether rallied 56% after March's options expiry, reaching $2,500 within three weeks. These moves were completely uncorrelated to Bitcoin's (BTC). Therefore, it is essential to understand if a similar market structure could be underway for June 25 futures and options expiry.
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Written By: Cointelegraph
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