According to ChainCatcher's message, the Singaporean cryptocurrency investment firm QCP Capital stated that after experiencing a washout last week, the spot price has maintained a sideways fluctuation. This Friday, nearly $20 billion worth of Bitcoin and Ethereum options will expire, accounting for nearly half of Deribit's total open interest.
The options expiration may trigger end-of-quarter volatility selling, especially with the spot price in a sideways trend and the bears continuing to roll over their short positions.
If BTC breaks through $100,000, the volatility may remain stable; otherwise, Altcoins may have a chance to catch up. Currently, BTC's market share is 58%, and it is necessary to pay attention to whether the funds are flowing into Altcoins to confirm the trend change.
