A Crypto Tsunami Is Coming for Ethereum, Bitcoin, Algorand & SHIB ($1.2B Options Expire!)
Hello and welcome to Crypto Coin Show. Today we are looking at a major event that is coming up in the cryptocurrency world – the expiration of $1.2 billion worth of options for Ethereum, Bitcoin, Algorand, and Shiba Inu.
Options are contracts that give the buyer the right, but not the obligation, to buy or sell a specific asset at a predetermined price within a certain period of time. On June 18th, a massive amount of options contracts are set to expire, worth $1.2 billion.
This could have a huge effect on the prices of the cryptocurrencies involved. It could cause a “crypto tsunami” – a big surge in prices due to the large amount of money that will be entering the market.
It’s important to note that this is just one event, and there are many factors that affect cryptocurrency prices. However, it’s definitely something to keep an eye on, as it could have a major impact on the crypto markets.
That’s all for today. Thanks for watching Crypto Coin Show.
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