In accordance with Blockbeats, on December 26, Bitcoin will face its largest-ever options expiry at 16:00 today, with approximately 300,000 BTC options contracts (nominal value of about $23.7 billion) set to expire. The combined BTC and ETH options expiry volume is expected to reach $28.5 billion, double the level from the same period last year. Multiple analysts have previously predicted that market volatility will significantly increase after this options expiry. Historically, major options expiries have often led to accelerated one-sided market trends.
Bitcoin Faces Largest Ever Options Expiry Worth $23.7 Billion Today at 16:00
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Summary
Bitcoin news breaks as the cryptocurrency faces its largest-ever options expiry today at 16:00. According to Blockbeats, around 300,000 BTC options contracts with a nominal value of $23.7 billion are set to expire. The combined BTC and ETH options expiry volume is expected to hit $28.5 billion, twice the level from the same period last year. Analysts warn Bitcoin price today could see sharp swings following the expiry, as major expiries have historically triggered strong one-sided market moves.
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