The Biggest Options Settlement in Bitcoin's History Happens Today—What Traders Need to Know

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Bitcoin is about to face a massive options expiry event that’s breaking records. According to BlockBeats, approximately 300,000 BTC options contracts will expire today at 16:00 UTC+8, carrying a nominal value of roughly $23.7 billion. Combined with Ethereum options expiring on the same day, the total settlement value reaches $28.5 billion—double what we saw during the same period last year.

Why This Matters for the Market

Market analysts are flagging this event as a potential catalyst for significant price movement. When options settlements of this magnitude occur, the crypto market has historically shown a tendency toward accelerated one-sided trends. Traders are watching closely to see which direction the momentum will take.

Current Price Levels

As of now, Bitcoin is trading around $91.17K, while Ethereum sits at $3.13K. Both assets are in focus as traders prepare for the settlement impact. The scale of this expiry—$28.5 billion in combined notional value—suggests that regardless of which direction the market moves, the impact could be substantial.

What to Expect

These large options expirations often act as a trigger for volatility spikes. Whether the market experiences a sharp rally or pullback typically depends on the gamma exposure levels and how market makers delta-hedge their positions. Traders are advised to monitor the lead-up to 16:00 UTC+8 closely.

#BTC #ETH

BTC-0.5%
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