Crypto Market Flashes Recovery Signs Ahead of $10.8B Bitcoin, ETH, XRP, SOL Opti

Crypto market recovery signs are flashing ahead of quarterly options expiry.

$9.3 billion in Bitcoin options to expire today but short liquidations are rising after crash.

Over $1.5 billion are set to expire, with a bullish put/call ratio of 0.50.

XRP and SOL are under pressure but whales don't expect further downside.

Crypto market recovery signs are flashing amid buy-the-dip sentiment following a crash. Traders brace for volatility as over $10.5 billion in Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) options are expiring today.

BTC price has jumped more than 2% above $60K in Asia trading hours, following a drop to $58K lows. In the last few hours, the crypto market recorded nearly $35 million in short liquidations.

According to Deribit data, 151K BTC options with a notional value of are set to expire on June 26. The put/call ratio of 0.63. However, the 24-hour put volume is significantly higher than the 24-hour call volume. The put/call ratio has increased to 1.24, indicating traders are bearish.

However, crypto market traders are adjusting their positions to rise in BTC implied volatility and 25 delta skew. This indicates traders are hedging for downside protectio

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/crypto-market-flashes-recovery-signs-065311714.html)