$3 Billion Options Expiry Looms Over Bitcoin and Ethereum — Calm Before the Next Shock?

Nearly $3 billion in Bitcoin and Ethereum options expire today at 08:00 UTC on Deribit, placing derivatives markets under intense scrutiny. Going into today’s options expiry, interest will be on whether the recent price stabilization marks a temporary pause or the beginning of a new directional move. $3 Billion Bitcoin and Ethereum Options Expiry Tests Market Nerves After Liquidation Shock As of this writing, Bitcoin was trading at $66,372, with a max pain around $74,000 and total notional open interest exceeding $2. 53 billion source: https://beincrypto.com/bitcoin-ethereum-options-expiry-defensive-trading/