Bitcoin and Ethereum Prices Collapse Amid Macro Selloff and Significant Options Expiry
Bitcoin and Ethereum Prices Collapse Amid Macro Selloff and Significant Options Expiry
Bitcoin experienced a sharp price collapse driven by a combination of macroeconomic factors including an oil shock, increased Treasury yields, and adjusted rate-cut expectations. This downturn was exacerbated by the expiry of $14.1 billion in Bitcoin options contracts on Deribit. Ethereum also faced pressure with $2.2 billion in contracts expiring concurrently, contributing to the overall market weakness.
Bitcoin price has again been knocked lower by an oil shock, higher Treasury yields, erased rate-cut expectations, and a massive Deribit expiry now due to land on top of that already-weakened market. Roughly $14.1 billion in BTC options were set to expire today, Mar. 27, with another $2.2 billion in Ethereum contracts clearing the same […]