The cryptocurrency market is expected to see significant volatility as $2.639 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts expire today. This event could impact short-term price action, as Bitcoin options are valued at $1.9 billion and Ethereum at $712 million. The expiration includes 19,885 Bitcoin contracts and 205,724 Ethereum contracts, both of which show bullish sentiment with the buy-sold ratios below 1. The extreme pain points are $97,000 for Bitcoin and $3,400 for Ethereum. According to the report, BTC was trading at $96,912 and ETH at $3,465. The market is expected to stabilize after the expiration, despite potential short-term volatility. BeInCrypto stresses the importance of independent verification and professional advice before making financial decisions.