Over $3.5 billion worth of Bitcoin and Ethereum options expired recently, coinciding with heightened geopolitical tensions and a market shift towards caution. This expiration follows increased volatility and growing risk-off sentiment, contributing to a decrease in both Bitcoin and the broader cryptocurrency market. 28,000 BTC options reached their expiry date on June 13th, while 244,000 ETH options expired at the same time. These expirations are worth over $3.5 billion combined. Analysts attribute this rise to expanding DeFi applications and increased institutional investments. Volatility metrics for Bitcoin remain low despite the price dip, with Ethereum’s implied volatility climbing, suggesting near-term opportunities post-expiry. The recent market decline has triggered a potential trend shift in technical indicators. While Bitcoin’s price continues to fluctuate, its 20-day moving average has fallen below current levels, while its RSI remains below 50. Ethereum, on the other hand, experienced a significant drop of 7% over the day but holds a positive weekly performance. Despite this decline, increased trading volume suggests caution and a possible pause in market movement.