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Habiba

09/04 12:33

Bitcoin, ETH, XRP, SOL’s Max Pain Price Ahead of O

Bitcoin, ETH, XRP, SOL’s Max Pain Price Ahead of Options Expiry, Key Jobs Data

Traders brace for Bitcoin, Ethereum (ETH), XRP, Solana (SOL) options expiry, while awaiting key nonfarm payrolls jobs and unemployment data.
  • J$3.28 billion in Bitcoin options and $1.28 billion in Ethereum options to expire on Deribit.
  • Bitcoin and Ethereum trades below their max pain point amid significant profit booking.
  • Traders eye US nonfarm payrolls and unemployment rate data on Friday for market recovery.

Bitcoin, Ethereum, and other altcoins are facing pullbacks amid continued profit booking in the broader crypto market. Traders are bracing for further selloffs ahead of $4.5 billion in crypto options expiry and key U.S. jobs data this week.

BTC, ETH, XRP, and SOL prices slip amid liquidations of $115 million in long positions by traders. In addition, rising long-term Treasury yields and gold prices due to fiscal concerns increased selling pressure on Bitcoin pric

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