Crypto Market on High Alert as $15 Billion in Options Expiry Looms

The cryptocurrency market is facing a critical moment as over $15 billion in options for Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) are set to expire today. This expiry could lead to significant price movements, with traders bracing for further selloffs amid intense uncertainty and volatility.

Data from Deribit shows that 189K BTC options with a notional value of $13.38 billion are set to expire on March 27, with a put-call ratio of 0.57. However, the 24-hour put volume is significantly higher than the 24-hour call volume, indicating bearish sentiment among traders.

Ethereum (ETH) options expiry also poses significant risks, with 1,029K ETH options worth over $2.11 billion set to expire today. The max pain point is at $2,250, and traders are targeting $2,000 amid crypto market crash concerns.