QCP Capital, a cryptocurrency investment firm in Singapore, stated that after last week's market shakeout, the market is now maintaining sideways fluctuations. This Friday will see the expiration of nearly $20 billion in Bitcoin and Ethereum options, accounting for nearly half of Deribit's total open interest.
The options expiration may trigger end-of-quarter volatility sell-offs, especially in the context of sideways trading and sellers continuing to roll over short positions.
If Bitcoin breaks $100,000, volatility may remain stable; otherwise, altcoins might seize a catch-up opportunity. Currently, Bitcoin's market share is 58%, and we need to pay attention to whether funds flow into altcoins to confirm a trend change.
