On August 15th, nearly $4.7 billion worth of Bitcoin options are set to expire. This significant event has drawn attention from traders and investors alike. Understanding the impact of these expirations is crucial for anyone involved in crypto markets. What exactly happens during an option expiration? Options contracts allow traders to buy or sell an asset at a predetermined price before a specific date, giving them the right but not the obligation. When these contracts reach their expiry date, they either get exercised (bought/sold), closed out, or become worthless. This massive Bitcoin options expiration event could impact market dynamics and requires careful observation for its potential consequences.