TechFlow, October 30 — According to Crypto.news, the cryptocurrency market is bracing for significant volatility as Bitcoin and Ethereum options contracts worth over $17 billion are set to expire on Deribit, a crypto derivatives exchange, this Friday, October 31.
Bitcoin options expiring amount to $14.4 billion, including 72,716 call contracts and 54,945 put contracts. Ethereum options expiring are valued at $2.6 billion. The dominance of call options indicates traders are betting that BTC prices will rise before expiration.
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