🚀 **Crypto Market Alert: Major Bitcoin and Ether Options Expiry Looms**

Get ready for some action in the crypto market! This Friday at 08:00 UTC, options contracts worth billions of dollars for Bitcoin (BTC) and Ether (ETH) are set to expire. According to Deribit, the leading crypto options exchange, 90,000 BTC options worth $5.8 billion and $1.9 billion in ETH options are due for settlement.

- **Market Volatility Expected**: About 20% of these BTC options are "in-the-money," meaning they have favorable strike prices. This could lead to heightened market activity as traders close or roll over their positions.

- **Bullish Bias**: Options beyond this Friday show a bullish outlook for BTC and ETH, with calls being more expensive than puts.

- **Max Pain Level**: Bitcoin’s max pain level is $59,000, potentially creating downward pressure as we approach the expiry.

What do you think will happen? Share your thoughts in the comments! 💬