Today, June 20, 2025, is a crucial day for the crypto market as $4.1 billion in Bitcoin and Ethereum options are set to expire, sparking intense speculation.
The expiry could determine whether BTC and ETH will break to new highs or remain in a tight range, with Bitcoin near $105,216 and Ethereum at around $2,900.
Options expirations impact price direction and short-term volatility, leading to phenomena like price pinning near strike levels, volatility compression, and a potential reset for a new market trend.
After expiry, implied volatility decreases, causing option premiums to fall and price swings to diminish temporarily, signaling a potential calm period before significant market movements.
The expiry results could influence a breakout or a short-term stall in the crypto market, considering macro factors, like Fed rate discussions and safe-haven appeal, shaping the environment.