Bitcoin & Ethereum Options Contracts Worth $4.7 Billion Expired Today

A significant event unfolded in the crypto derivatives market as over 41,000 Bitcoin (BTC) and 228,000 Ethereum (ETH) options contracts expired today. These expiries, totaling a notional value of $4.7 billion, are expected to influence short-term volatility in the crypto market. The maximum pain point for both assets—the price at which most options expire worthless—was recorded as high as $105,000 for Bitcoin and $3,475 for Ethereum.