The market is closely watching as approximately $2.4 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire today. According to Deribit, about $1.9 billion worth of 32,000 Bitcoin options are included in the expiration.
This significant expiry adds to the ongoing market volatility and may impact future price movements. Investors and analysts are keeping a close eye on the situation to gauge potential outcomes for both cryptocurrencies.