Crypto Outlook as $1.4 Billion in Bitcoin Options Approach Expiry

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Friday has come around again and that means Bitcoin options expiry day but can today’s big batch influence spot market movements?

Crypto markets have largely held on to gains this week, buoyed by Ethereum and the US Securities and Exchange Commission’s approval of spot exchange-traded funds.

However, around $1.4 billion in notional value Bitcoin options contacts will expire on May 24.

The 21,000 contract expiry is a relatively small event compared to the month-end May 31 expiry which will see a whopping $4.3 billion worth of options expire, according to Deribit.



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