The crypto market is set to witness over $2.2 billion in options notional expiry, mostly Bitcoin ($BTC) and Ethereum ($ETH). The update comes amid price rebounds for both Bitcoin and Ethereum.

Details of $2.2 billion expiry event

Popular crypto exchange Deribit announced the upcoming Bitcoin and Ethereum expiry event happening on its platform.

According to the details, Bitcoin options make up the bulk of Deribit’s activity, worth $1.9 billion. This is the dominant part of the expiry event.

With $328 million notional expiring, Ethereum is much smaller than $BTC but still meaningful for its price dynamics.

On the crypto market, options expiries are liquidity events. As contracts settle, traders close, roll or let positions expire….