The upcoming expiry of billions in Bitcoin and Ethereum options is set to significantly impact the cryptocurrency markets, potentially increasing volatility and influencing prices amidst geopolitical tensions. Investors are closely watching approximately $2.65 billion in Bitcoin options and $364 million in Ethereum options expiring on May 9, 2025, with Deribit leading as a major facilitator of this event. The market for both assets is exhibiting a cautious yet optimistic outlook. Deribit analyst states, ‘With approximately $2.65 billion in Bitcoin options and $364 million in Ethereum options expiring, we could see increased market volatility leading up to the expiry.’ %