Today, Bitcoin and Ethereum Options Worth $2.2 Billion Expire

This event marks the first major derivatives expiration in the new year and could lead to heightened volatility in the crypto market as traders adjust their positions. According to data, BTC options account for about $1.85 billion, while ETH options make up $390 million.

The event unfolds amid price stabilization: Bitcoin is trading near $88,691, while Ethereum holds around $2,950. Analysts note that such expirations are often accompanied by significant price fluctuations due to gamma risk and the need to hedge positions.

"This ain't noise, this is gravity. Price is about to feel it," writes trader Money Ape in their post on X.

According to Deribit, the leading platform for crypto derivatives, this expiration is smaller compared to the record $27 billion at the end of December 2025, but still significant for the start of the year. Traders anticipate that after the expiration, the market may stabilize or continue its trend, depending on the prevailing direction.

"Big expiration days separate traders from gamblers. Volatility doesn't care about feelings, so risk management wins today," notes ZacInsights.

Experts advise investors to exercise caution:

"Once the dust settles, price often trends hard in the direction that survives," comments trader Joe from SelfSuccessSaga.

This event underscores the growing role of derivatives in the crypto ecosystem, where options help hedge risks but also amplify market movements.

Stay tuned for updates, as the market may react in the coming hours. This news is based on data from WatcherGuru and other sources, and is not financial advice.