$3.16B in Bitcoin and Ethereum Options Set to Expire Today

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Expiring Bitcoin Options. Source: Deribit

Over $3.16 billion worth of BTC and ETH options are expiring today at 08:00 UTC on Deribit, marking the last major derivatives settlement before Christmas. Bitcoin dominates with roughly $2.69 billion in notional value, while Ethereum accounts for about $473 million.

Traders are cautious as liquidity thins, and positioning clusters around key strikes. The expiry could bring short-term volatility but is unlikely to force a directional move without a clear catalyst.

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every time theres a big options expiry people expect fireworks and most of the time its just chop esp this close to christmas liquidity is trash anyway might get some wicks but doubt it suddenly sends btc one direction without news