$13 Billion in Bitcoin Options and $2.1 Billion in Ethereum Options Expire on March 27
The quarterly expiry covers 68,000 Bitcoin options and 370,000 Ethereum options, with a put-call ratio (options bearish-to-bullish gauge) of 0.56 pointing to a call-heavy market structure.
Summary
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Terms & Concepts
Options expiry: The date when options contracts settle or become void, often increasing short-term volatility in crypto markets.
Put-call ratio: A metric comparing put options to call options; a lower reading generally indicates stronger demand for bullish positioning.
Quarterly options expiry: A larger scheduled expiry at the end of a quarter that can concentrate liquidity and affect price action across major crypto assets.