Bitcoin Options Expiration Could Drag Crypto Prices Down

Bitcoin (BTC) is trading above $110,000 as analysts predict over 25,000 BTC options contracts are set to expire today. The resulting market volatility could potentially send the top crypto’s price down from its recent peak near $110,900. 202,000 ETH options will also expire today, with a notional value of over $543 million. However, traders see this as a positive for bulls due to increased accumulation of Bitcoin by both whales and small investors.