Today marks the expiration of approximately $1.9 billion worth of Bitcoin (BTC) and Ethereum (ETH) options. This event is significant for the cryptocurrency market.
According to Deribit data, 24,000 Bitcoin options contracts worth $1.4 billion are set to expire. The large volume of expiry may lead to increased volatility in the market.
This expiration might lead to substantial price movements in both Bitcoin and Ethereum as traders adjust their positions accordingly.
