The end of another week and month has arrived, which means a larger-than-usual crypto options expiry event, as it is also the end of Q2.  

Around 153,500 Bitcoin options contracts will expire on Friday, June 26, with a notional value of roughly $9.3 billion. This event is much larger than usual, being the end of the month and end of quarter, so it may induce more volatility in the already battered spot markets.

Crypto markets fell to an almost two-year low this week, with total capitalization shedding more than $180 billion since Monday as the bear market deepens.

Bitcoin Options Expiry

This week’s batch of Bitcoin options contracts has a put/call ratio of 0.73,…