
Today marks the big quarterly delivery of over $15 billion in Bitcoin and Ethereum options, with 135,000 BTC options and 1.58 million ETH options expiring. The notional value of the BTC options is $9.5 billion, with a Maxpain point of $51,000. The expiry is one of the largest in the exchange's history, leading to potential volatility in the crypto markets.
MONDAY FX OPTIONS EXPIRIES https://t.co/EZbHfDqCyX
$9.5B in notional expired on Bitcoin $BTC this morning at 3 am. Three minutes later at 3:03 am Bitcoin dropped from $70,473 to $69,736 at 4:12 am. Getting the 70k strike paid, and Us @Hedgeye who risk managed it. They aren't trying to hide month end market up @KeithMcCullough https://t.co/EwPHsqnhQW
UPDATE: BITCOIN AND ETHEREUM OPTIONS WORTH $15B WILL EXPIRE TODAY


