Bitcoin and Ethereum Options Expiry Impacts Market Dynamics

The expiration of $15.4 billion worth of Bitcoin and Ethereum options on Deribit, a prominent derivatives exchange, has significantly impacted cryptocurrency market dynamics. This significant event saw Bitcoin options reaching a value of $13.1 billion before the expiry. Key indicators include a notable decline in open interest from $45 billion to $28 billion, suggesting an overall shift in trading strategies and potential risk mitigation.