Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market

[Casual]

Traders are looking for BTC and ETH to make a decisive move ahead of Friday's $6 billion in quarterly futures and options expiries, but what does back-tested data show?. Bitcoin price has slightly recovered from its sharp dip below $29,000, but generally, the past month has not been generous to BTC and Ether (ETH). Bitcoin has failed to break the $40,000 resistance multiple times, and the recent dip to a six-month low at $28,800 was a startling sign for many investors. After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then. Unlike the leading cryptocurrency, the Ethereum network faces competition from projects that do not depend on proof-of-work, hence not facing the bottleneck issues that caused transaction fees to skyrocket.more