Crypto Options Expiry Could Trigger Market Slump, Despite Bitcoin Reaching New Highs

Around $3.4 billion worth of Bitcoin options contracts will expire this Friday, September 5th, with many analysts expecting little to no impact on the spot market. While Bitcoin’s price has recently touched a new all-time high above $4,500 and reached into positive territory for the week, other factors suggest potential volatility in the coming days. For instance, US jobs data released this week showed an increase in unemployment while job openings fell, signaling a potentially weaker labor market. This could influence the Federal Reserve’s next rate cut decision on September 19th and has raised concerns about a potential economic slowdown.