Will $3.8 Billion Crypto Options Expiration Affect Markets?

Approximately 30,700 Bitcoin options contracts are set to expire this Friday, June 6th, with a notional value of about $3.2 billion. This week’s expiry event is significantly smaller than last week’s end-of-month expiration, meaning the impact on spot markets is expected to be minimal. However, it’s noteworthy that Bitcoin prices have already experienced a notable decline over the past twelve hours, shedding approximately $150 billion in value.