Today marks the expiration of $8.7 billion worth of Bitcoin and Ethereum options. This event is part of a routine cycle in the cryptocurrency market, aligning with traditional finance calendars and often leading to concentrated trading activity, particularly on platforms like Deribit. Historically, such expirations for BTC and ETH can drive volatility, triggering hedging and gamma squeezes in derivatives markets as traders adjust their positions.
$8.7B in Bitcoin and Ethereum options expire today
