A significant 50,000 Bitcoin options contracts valued at 8.36 billion USD will expire today. The open interest stands highest at the 120,000 USD strike price, totaling 2.4 billion USD, which indicates a bullish sentiment.
In addition to Bitcoin contracts, around 600,000 Ethereum contracts will expire today, worth 1.95 billion USD. The overall crypto options expiry amounts to around 10.3 billion USD, potentially impacting market dynamics.
As of today, the market capitalization has slightly dropped by 1% to reach 3.68 trillion USD. Bitcoin fluctuated between 106,000 USD and 104,300 USD, while Ethereum is trading above 3,200 USD.