Bitcoin Steady Around $107K Ahead of $40B Option Expiry
Bitcoin is trading near $107,400, down slightly (~0.2%) as markets brace for a massive $40 billion crypto options expiry. Ethereum also slipped (~1.5%), with XRP (-4%) and Dogecoin (-2%) seeing larger drops. While short-term volatility may spike, spot ETF inflows and institutional interest remain strong.
Why it matters: Option expiries often trigger sharp swings—particularly if large positions are unwound. Prepared traders can find opportunities, but risk is higher.
Extra insight: Regulatory clarity on stablecoins and special mention of crypto in FHFA guidance (Fannie & Freddie now consider crypto assets) is boosting institutional confidence