This means that Bitcoin (BTC) and Ethereum (ETH) options contracts, with a total combined value of $4.1 billion, are expiring today. Here's what that actually means:

🔍 What Are Options?

Options are financial contracts that give investors the right (but not the obligation) to buy or sell an asset (like Bitcoin or Ethereum) at a specific price (called the strike price) before or on a certain date (called the expiration date).

There are two main types of options:

1. Call Option – Betting the price will go up.

2. Put Option – Betting the price will go down.

📅 What Does "Options Expiring" Mean?

When options expire, it means:

Traders must decide whether to exercise (use) their options,

Or let them expire worthless, depending on whether the market price is favorable.

So today, options worth $4.1 billion are reaching their expiration date. This includes:

BTC options

ETH options

🔄 Why Does This Matter for the Market?

1. Increased Volatility:

As options expire, many traders adjust their positions, often causing sudden price moves.

This can lead to higher volatility in both BTC and ETH prices today.

2. Max Pain Theory:

There’s a price called the “max pain point” — the price where most options expire worthless.

Market makers (large players) may try to “push” prices closer to this level to reduce their payouts.

3. Bullish or Bearish Sentiment:

If more call options expire in-the-money (profitable), it could be a bullish signal.

If more put options are in-the-money, it suggests bearish pressure.

🧠 Example (Simplified):

Let’s say:

There’s a call option to buy BTC at $65,000, expiring today.

If BTC is above $65,000, the holder can profit — they’ll likely exercise the option.

If BTC is below, the option is worthless — they’ll let it expire.

Now multiply that by millions of contracts totaling $4.1 billion — you get a lot of action in the market.

📊 What Should Investors Do?

Watch the price action around the expiration time.

Be aware of potential volatility spikes.

Don’t panic — options expiry is routine, but big amounts like this can have short-term impact.

✅ Summary

$4.1 billion worth of BTC & ETH options expire today.

This could cause short-term volatility.

Traders should watch for price movements, especially near the max pain level.