Billions in Crypto Options Expiry Set to Decide Bitcoin and Ethereum's Next Move

Nearly $11.85 billion worth of Bitcoin and Ethereum options contracts are set to expire this week, putting pressure on the market.

The expiration event could be a catalyst for either a recovery rally or a further correction in prices.

Bitcoin's price has struggled to regain momentum after losing its recent breakout structure, while Ethereum remains under pressure below major resistance levels.

Data from the derivatives market shows that institutional traders continue betting on higher prices, with max pain levels sitting well above current market prices.