Cryptocurrency Market Braces for $10 Billion Options Expiration Event

A major event is unfolding in the cryptocurrency market as a significant options expiration approaches.

The total nominal value of expiring options stands at approximately $9.87 billion, with 109,000 Bitcoin options and 563,000 Ethereum option contracts set to expire tomorrow.

GreeksLive reports that the put/call ratio for these contracts is 0.93 for Bitcoin and 0.72 for Ethereum.