The largest Bitcoin options settlement in history will take place at 4 PM today, with a notional value of approximately $23.7 billion.

[Billion's Largest Options Expiration in History to Take Place Today at 4 PM, with a Notional Value of Approximately $23.7 Billion] According to Mars Finance, Bitcoin will see its largest options expiration in history at 4 PM today, December 26th. Approximately 300,000 BTC options contracts (with a notional value of approximately $23.7 billion) will expire. The combined expiration of BTC and ETH options today amounts to $28.5 billion, double that of the same period last year. Many analysts previously predicted that market volatility would significantly increase after this options expiration. Furthermore, reviewing past records of "epic" options expirations, the market often experiences accelerated one-sided price movements after expiration.