$8.9 billion BTC and ETH options expired TODAY
WILL THIS CLASH THE MARKET ? Many wondered.
A large batch of Bitcoin (BTC) and Ethereum (ETH) options expired, with the notional value reported around $8.7 - 8.9 billion across BTC & ETH.
This was a monthly expiry event representing a significant portion (about 20%) of total open interest in crypto derivatives.Whether this is negative for the market depends on context. it's not inherently bearish or bullish, but it often introduces short-term volatility rather than a clear directional move. Here's a breakdown:Why expiries can cause volatility: As options expire, market makers and traders unwind hedges (delta/gamma adjustments), which can lead to amplified price swings, liquidations, or "pinning" near certain strike prices. Large expiries like this amplify choppy action, fakeouts, or sudden pumps/dumps in the hours around settlement.
$BTC $ETH

1.15 Bitcoin and Ethereum Evening Strategy!
Bitcoin current price 96,500-97,000 short, target 95,500-94,500, stop-loss 98,000!
Ethereum current price 3,350-3,380 short, target 3,280-3,200, stop-loss 3,420!
Strategies are time-sensitive; please refer to private real-time guidance for specifics!#GateTradFi使用体验

Look at the way $TRX ‌ is bleeding out right now.
That 0.2822 level is the only thing keeping us from a complete breakdown. We’ve been printing lower highs all day and the latest hourly candle is looking really heavy. It’s basically hugging the 24h low of 0.2820.
Volume is sitting at 27.5M USDT which isn't massive, but the sell side in the order book is definitely starting to stack up. About 54% of the orders are leaning bearish right now. If we lose 0.2820, there isn't much historical support nearby to stop a quick flush.
I’m watching for a potential sweep of the lows to grab liquidity before any bounce. If it just breaks and closes below 0.2815, it’s probably lights out for this setup.
#CryptoSurvivalGuide