$BTC Bitcoin Options Worth Over $14 Billion Expired Today, One Of The Biggest Events In History: Here's What Crypto Investors Should Expect

The cryptocurrency market could experience major volatility following the largest Bitcoin (CRYPTO: BTC) options expiry in history on Friday.

What Happened: According to leading cryptocurrency derivatives exchange Deribit, Bitcoin options contracts, with nearly $14.38 billion in notional value expired at 3:00 a.m. ET.

This figure accounted for 70% of the total Open Interest for BTC options across different expiration dates.

Options are derivatives that give the buyer of the contract the right to buy or sell the underlying asset at a predetermined price and date. Typically, high Open Interest in options trading indicates that there are many market participants and new money is entering the market.

A call option gives the purchaser the right to buy an asset, while a put option allows them to sell assets at an agreed-upon price. As of this writing, the put/call ratio was 0.61, indicating a bullish sentiment as more traders were betting on price increases. $BTC #btc $BTC