Bitcoin & Ethereum Options Expires, Potential Price Surge Looms

While Bitcoin (BTC) reached new highs and Ethereum (ETH) neared its 2021 all-time high after the US PPI data surprised markets with an unexpected surge, a significant pullback followed. This Friday marks the expiration date for options contracts in the crypto market, with $4.7 billion worth of Bitcoin and $1.3 billion worth of Ethereum options expiring on August 15th on Deribit. This expiration date often triggers substantial price volatility as traders manage their positions, potentially leading to significant fluctuations.