🚀Get ready, crypto traders! A whopping $10.18 billion worth of BTC and ETH options are set to expire on Deribit this Friday at 08:00 UTC. This represents over 40% of the total open interest, which could trigger a surge in market volatility. 📈

Over 25% of these options are set to expire "in the money," meaning a significant number of derivative contracts are expected to be profitable for their holders at expirations.

Despite recent price drops, data shows investors are willing to pay a higher premium for near-term and long-term calls offering asymmetric upside than puts. Traders anticipate a positive shift for Bitcoin by July 12 and ETH by July 5.

What's your take on this? Are you expecting a bullish shift in the market? Drop your thoughts below! 💭 #CryptoNews #BTC #ETH