Bitcoin & Ethereum Option Expires Triggering Short-Term Volatility

A significant event in the cryptocurrency market is taking place today as $8.05 billion worth of Bitcoin and Ethereum options contracts are set to expire. This major expiry is expected to drive short-term price volatility across the markets. Analysts at Deribit, a leading derivatives exchange, point out that approximately $7.24 billion of this value originates from Bitcoin options, with Ethereum options totaling $808 million.