Bitcoin and Ethereum Options Expiry Prompts Cryptocurrency Market Volatility

A massive $16 billion in Bitcoin and Ethereum options are set to expire today, October 31, 2025, on Deribit, one of the largest crypto derivatives exchanges. This event is expected to trigger significant market volatility, impacting liquidity dynamics and potentially affecting both institutional and retail traders worldwide. Deribit’s dominance in open interest for these options further underlines the impact this expiry will have on the cryptocurrency markets. 80% of the expiring options are