Ethereum may see a spike in volatility, according to Altcoin Daily – that's when

Crypto analyst and host of Altcoin Daily, Aaron Arnold, predicts that the volatility of the second-largest cryptocurrency by market cap will increase before the end of this month. In a new video, the closely-followed trader told his 841,000 subscribers that the expiration of Ethereum (ETH) options by the end of June could significantly increase crypto-asset volatility due to the record year-to-date record amount payable. “Options expire every month. This in itself is not new. However, the reason it is news is that on June 25, Ether's largest option period expires in 2021, as $1.5 billion of open interest will be closed… This is 30% more than previous expiration dates. The month when the ether price fell 17% in five days and made a local bottom. So if you own Ethereum, expect volatility towards the end of the month.” The YouTuber adds that the expiration of ETH options could move the price in both directions. “Expiring options do not necessarily mean that the price will go down. This means that a certain portion of the stock locked in a contract will be unlocked. And then all these traders will have the option to buy or sell… When those options expired last month, the market was a little better. This month, the options are running out after witnessing this major fix. So who knows? Anything can happen. Just expect volatility. hide. Think long term.” In addition to Ethereum, Bitcoin futures also expire on June 25. Crypto analyst Justin Bennett predicts that the flagship cryptocurrency could bottom out on this date. Don't miss a thing – Subscribe to get crypto email alerts delivered straight to your inbox Follow us on Twitter, Facebook and Telegram The Daily Hodl Mix Check the latest news Headlines Disclaimer: Opinions expressed on The Daily Hodl investment advice is not. Investors should exercise due diligence before making any risky investments in Bitcoin, cryptocurrency or digital.

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