Another Friday has rolled around, and this one is the last of the month, meaning a much bigger Bitcoin and Ethereum options expiry event.

Around 149,000 Bitcoin options contracts will expire on Friday, July 31, with a notional value of roughly $9.57 billion. This expiry is much larger than usual events, being the end of the month, so it may induce spot market volatility.

Crypto markets have retreated slightly this week, with around $25 billion leaving the space following the Fed’s decision to leave rates unchanged and the resumption of military action between the US and Iran.

Bitcoin Options Expiry

This week’s big batch of Bitcoin options contracts has a put/call…