Carnage in the crypto market! Bitcoin and Ethereum extend declines as $22 billion in options expire, adding uncertainty.
The expiration of $22 billion in options casts a new shadow over the market outlook.
According to Zhitong Finance APP, against the backdrop of an overall retreat in risk sentiment, Bitcoin and Ethereum prices continued their decline, with the total market capitalization of the cryptocurrency market losing over $140 billion in a single week. Meanwhile, $22 billion worth of options are set to expire, casting new shadows over market prospects.
Ethereum fell by 8.2% at one point, dropping below $4,000 to reach its lowest level in nearly seven weeks. Bitcoin fell below $110,000 for the first time in four weeks, with a decline of approximately 3.3%. More speculative tokens such as Dogecoin and Cronos saw even larger drops, plummeting by 9.4%…
