Today, approximately 28,000 Bitcoin option contracts with a notional value of around $2 billion are set to expire. This event is smaller in scale than the past, so its impact on the spot markets will be moderate. 😎

Also expiring are about 137,000 Ethereum option contracts with a notional value of $350 million. The total notional value of options expiration for today is around $2.3 billion.

The cryptocurrency market has lost about $100 billion in the last 24 hours, decreasing to $2.43 trillion. Bitcoin and Ethereum were unable to hold their recent highs and have pulled back. Most altcoins also remain in the red zone. 📉