The cryptocurrency markets are poised for a significant upheaval as $1.86 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire on Friday, August 16, 2024. This massive options expiry is likely to stir volatility across the crypto space, with traders and investors closely monitoring the situation.
Unpacking the $1.86 Billion Expiry
Todayâs expiry involves an impressive volume of options contracts, with Bitcoin accounting for approximately 24,000 contracts valued at around $1.4 billion.·
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