$2.2B Crypto Options Are Expiring Today, Will Markets React?

Around 21,000 Bitcoin options contracts will expire on Friday, Jan. 2, and they have a notional value of roughly $1.85 billion.

This expiry event is much smaller than average due to muted trading over the holiday period and the huge one last Friday. Trading has been subdued over the New Year holiday as expected, with volume and volatility low, and spot markets mostly sideways as we start a new month and a new year.