Today, December 13, 2024, significant Bitcoin and Ethereum options are set to expire. According to information available on the web:
- Bitcoin: Options worth approximately $2.09 billion are expiring.
- Ethereum: Options worth around $624 million are expiring.
The maximum pain points for these options are:
- Bitcoin: $98K
- Ethereum: $3,700
Given the substantial notional value of these expiring contracts, the market is expected to experience increased volatility. Posts on X also echo this sentiment, suggesting traders should brace for potential extreme movements in price. Remember, options expiry can lead to sudden shifts in market dynamics as positions are closed out or rolled over.$ETH
