Expectations for an upward movement in the crypto markets prevail as the $10 billion options in Bitcoin and Ether are set to expire on Friday. Approximately $6.68 billion worth of Bitcoin options and $3.5 billion worth of Ethereum options on the Deribit exchange are nearing maturity. This situation could lead to an increase in volatility in the market.

The Impact of Maturities

Having large three-month maturity options can typically increase market volatility. According to Deribit CEO Luuk Strijers, the majority of expiring open positions represent investors expecting a profitable outcome. This could support a potential uptrend in the market.

Future Expectations

In the recent declines in Bitcoin and Ethereum, mining activities, Germany’s BTC sales, and the transfer of Mt. Gox coins have had an impact. However, a positive change is anticipated for traders in the upcoming dates. In particular, the commencement of Ethereum ETF transactions could provide a positive momentum for ETH.