$8.7 Billion Crypto Options Expiry Set to Trigger Volatility

The expiry of $8.7 billion in Bitcoin and Ethereum options today is set to inject short-term volatility into the crypto market.

According to recent data, approximately $7.7 to $7.9 billion worth of Bitcoin options are set to expire, spread across more than 114,000 contracts, while around $960 to $975 million in Ethereum options will also expire from nearly 480,000 contracts.

The combined expiries represent about 20% of all open interest in major crypto options and could lead to increased trading volumes and price swings. Market makers are expected to adjust their positions and hedges in response to the expirations, which may create upward pressure on prices.