$4.5B+ Bitcoin & Ethereum Options Expiry: Will Crypto Volatility Surge?

Over $4.5 billion worth of Bitcoin and Ethereum options contracts are set to expire today, raising the potential for increased volatility in the crypto market. Analysts observe a significant rise in implied volatility for Bitcoin and Ethereum options set to expire near the November 8 election. This indicates crypto's susceptibility to market fluctuations.

Specifically, a total of $3.4 billion worth of Bitcoin (BTCUSDT) options are set to expire, while an additional $580 million worth of Ethereum (ETHUSDT) options are also reaching their expiration date. Indeed, the expiring contract arrives amid a boom in the options market, with Bitcoin Options dominating the expirations at around $3.36 Billion, representing over 217,000 BTC. Different reports cite slightly varying figures, with some stating $3.1 billion or $4.26 Billion in Bitcoin and Ethereum expirations, all pointing to the potential to trigger significant market volatility.

The sheer size of the expiring contracts is a key factor. As investors adjust their positions and strategies in response to the expiry, the market could experience amplified price swings. Keep a close watch on Bitcoin and Ethereum prices as this major options expiry unfolds.