The Bitcoin (BTC) price has shown significant strength, surpassing $65,000 levels for the first time since August 1, ahead of today's options expiry.
A total of $5.8 billion BTC options are set to expire today, coinciding with the PCE inflation data release for August.
Similarly, Ethereum (ETH) options worth $1.9 billion are also set to expire, with traders closely watching market movements.
These simultaneous events could lead to significant volatility in the cryptocurrency markets.
