Bitcoin & Ethereum Options Expiration Sparks Market Volatility, What to Watch

The cryptocurrency markets experienced a notable dip this week with Bitcoin (BTC) falling below $106,000 after hitting a record high of over $111,000 last Friday. This decline has triggered concerns about further market downturns, but it also coincides with the expiration of significant option contracts on Friday. 93,000 BTC and 624,000 ETH options expire today on the Deribit derivatives exchange, potentially impacting price movements.