A total of 117,000 BTC options contracts and 1.1 million ETH options contracts will expire at 8:00 UTC this Friday, with a nominal value of $4.8 billion, and the biggest pain points are $26,500 and $1,650 respectively. Deribit Chief Commercial Officer Strijers does not expect market volatility in the coming week to be very large; Options Insights founder Imran Lakha said that ETH traders hold long gamma positions around $1,650-$1,700, which means that these positions may start before the options expire. To the bonding effect; Blofin trader Griffin Ardern said that the same is true for BTC.
Bitcoin and Ethereum options with a notional value of $4.8 billion will expire this Friday at 8:00 UTC
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