Roughly $2.6 billion in Bitcoin options are set to expire this Friday. This represents a significant amount of liquidity shifting hands in a single morning but is relatively contained compared to other options expiring events. However, with the weekend comes thinner liquidity.

Following Monday’s rally, the market is in a state of suspense. Ethereum remains unable to reclaim and break the $2150 resistance level, which it could have used as support. Meanwhile, Bitcoin appears stronger, holding above $70,000 for now as the weekend approaches.

So why are traders watching the Bitcoin options expiration data?

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In the options market, traders bet on whether the price of Bitcoin or…