Bitcoin & Ethereum Options Boom: $8 Billion at Risk as Market Reaches New Highs

The cryptocurrency market is experiencing a strong rebound with Bitcoin (BTC) and altcoins rallying, reaching new highs. This week’s bullish momentum saw the expiration of massive options contracts on Friday, generating significant attention from traders. 78,000 BTC and 461,000 ETH options will expire on Deribit exchanges April 25th, signaling a major market shift. Notably, these options have enormous notional values ($7.18 billion for BTC & $820 million for ETH), highlighting the importance of this expiration date.