According to PANews, approximately $23 billion worth of Bitcoin and Ethereum options contracts are set to expire on Friday, marking one of the largest expiration events in history. The options expiring at the end of the month show significant bets at two extremes: protective options against prices falling below $95,000 and bullish options betting on prices soaring above $140,000. The popularity of short-term bets reflects market sentiment that sudden short squeezes or forced liquidations could drive the next market movement.

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