The BTC and ETH options expiry witnessed this week has caused significant volatility in the market. According to data from Greeks.live, a total of 344,000 options were set to expire, including 49,000 BTC options and 295,000 ETH options.
The notional value of these options reached $3.7 billion, drawing attention to the event's scale and implications for the cryptocurrency market.
This expiry exhibited a put-to-call ratio of 0.72, indicating market sentiment and possible future price movements for Bitcoin and Ethereum.
