Approximately $2.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts are set to expire this Friday. This massive liquidity event comes at a time when the digital asset landscape is already reeling from explosive price swings, with annualized implied volatility (IV) for several key tenors touching the 100% mark. The scale of expiration is massive. According to data from Deribit, the world’s leading crypto options exchange, the upcoming expiration involves a significant concentration of capital on Bitcoin and Ethereum. Bitcoin options account for the lion’s share of the volume, with roughly $1.95 ... (full story)