A large batch of Bitcoin (BTC) and Ethereum (ETH) options expired, with the notional value reported around $8.7 - 8.9 billion across BTC & ETH.
This was a monthly expiry event representing a significant portion (about 20%) of total open interest in crypto derivatives.Whether this is negative for the market depends on context. it's not inherently bearish or bullish, but it often introduces short-term volatility rather than a clear directional move. Here's a breakdown:Why expiries can cause volatility: As options expire, market makers and traders unwind hedges (delta/gamma adjustments), which can lead to amplified price swings, liquidations, or "pinning" near certain strike prices. Large expiries like this amplify choppy action, fakeouts, or sudden pumps/dumps in the hours around settlement.
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$8.9 billion BTC and ETH options expired TODAY
WILL THIS CLASH THE MARKET ? Many wondered.
A large batch of Bitcoin (BTC) and Ethereum (ETH) options expired, with the notional value reported around $8.7 - 8.9 billion across BTC & ETH.
This was a monthly expiry event representing a significant portion (about 20%) of total open interest in crypto derivatives.Whether this is negative for the market depends on context. it's not inherently bearish or bullish, but it often introduces short-term volatility rather than a clear directional move. Here's a breakdown:Why expiries can cause volatility: As options expire, market makers and traders unwind hedges (delta/gamma adjustments), which can lead to amplified price swings, liquidations, or "pinning" near certain strike prices. Large expiries like this amplify choppy action, fakeouts, or sudden pumps/dumps in the hours around settlement.
$BTC $ETH