Friday marks the expiration day for crypto options, with almost $3 billion worth of Bitcoin and Ethereum contracts set to be settled or renewed. The crypto markets have been on an upward trend recently, but the question remains if this momentum can be sustained. The expiration of these options typically leads to increased price volatility, making it crucial for traders and investors to closely monitor the developments. Deribit reports that 20,815 Bitcoin contracts, valued at $2.077 billion, are set to expire, with a put-to-call ratio of 0.83. Additionally, 164,330 Ethereum options contracts, worth nearly $644 million, will also expire. Market analysts are observing a shift in market dynamics as Christmas approaches, with a potential Christmas rally being speculated. The recent data suggests that market makers are adopting a more cautious approach, particularly in the face of sharp market fluctuations. Read more AI-generated news on: https://app.chaingpt.org/news

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