đ¨ UPDATE: Today marks one of the largest crypto options expiries ever, with more than $21 billion in $BTC  and $ETH  contracts set to roll off.
Around $17 billion in Bitcoin options and $4 billion in Ethereum are expiring, mostly on Deribit. Traders are watching the âmax painâ level for BTC near $111,000, where the majority of options lose value.
Events like this often bring higher volatility, as market makers adjust hedges and prices react to key strike levels. With #BTC trading near $109,500 and #ETH around $3,900, markets are preparing for heavy swings as contracts settle.
