Major Bitcoin and Ethereum Options Expiration Could Spur Crypto Market Rally

$15 billion worth of Bitcoin and Ethereum options expire on March 29th, 2024. This includes $9.5 billion in Bitcoin options and $5.7 billion in Ethereum options.

The options are set to expire on the leading crypto options exchange Deribit.

The quarterly expiration of options could bring upward volatility and bullish price movement to the crypto market.

Most of the expiring options are in the money, which could lead to renewed upward pressure.

Bitcoin recently hit an all-time high of $73,000 in March 2024 amid the approval of Spot ETFs, while Ethereum is seen as the next candidate for a Spot ETF.