$BTC The crypto market will witness the expiration of Bitcoin (BTC) and Ethereum (ETH) options contracts today worth $4.11 billion. This massive expiration could impact price action in the short term, especially as both assets have recently declined.

With Bitcoin options valued at $3.5 billion and Ethereum at $565.13 million, traders are preparing for potential volatility.

High-importance options expirations: What should traders watch for?

According to data from Deribit, the Bitcoin options expiration involves 33,972 contracts, compared to 27,959 contracts last week. Similarly, the Ethereum options expiring total 224,509 contracts, down from 246,849 contracts the previous week.