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[AudraMiller]

The Ethereum coin has gained a lot of attention since the release of its second version and there were many people that were investing in it, causing the price to rise. Even now the price seems to be on the upward trajectory. However this may not be the case for long. There is 1.5 billion dollars in options that are set to expire on the 25th of June (later this month) in Ethereum. This is much larger than the expiry in march which caused a 17% drop in price over the course of the working week. And this expiry at the end of this month is 30% larger than this. Do you think a massive drop in Ethereum is incoming?

 

[Niftyicon]

What does this options expiry really entail and how does it affect ethereum as a net work and coin? Also, why do people fear that it may result in a dip in price of eth?

 

[AudraMiller]

What does this options expiry really entail and how does it affect ethereum as a net work and coin? Also, why do people fear that it may result in a dip in price of eth?

Basically at this point there may be a major sell off of the coin in order for people to cash in on their profits, and if this is the case it is likely that there will be a subsequent drop in the price of the coin.

 

[Doc-JR]

Basically at this point there may be a major sell off of the coin in order for people to cash in on their profits, and if this is the case it is likely that there will be a subsequent drop in the price of the coin.

this is a huge junk of options floating to the market, I am ready to buy the dip. I am very much assume that the price will be jumping back quickly. perfect scenario to get some dollars more into the crypto market

 

[AudraMiller]

this is a huge junk of options floating to the market, I am ready to buy the dip. I am very much assume that the price will be jumping back quickly. perfect scenario to get some dollars more into the crypto market

I don't think that the price will jump back or recover quickly after that as the sell off of these coin in the options expiry may also end up sparking potential panic in people and that will hurt the market even more.