The so-called quarterly expiry is due Friday at 08:00 UTC.

  • A notable amount of bitcoin and ether open interest is set to expire "in-the-money" on Friday, setting stage for price swings, Deribit's Luuk Strijers said.
  • Options beyond the Friday expiry exhibit a bullish bias for bitcoin and ether.
  • BTC's max pain level of $59,000 may weigh over prices, analyst at Presto Research said.

The bitcoin (BTC) market may get busy in the next two days as options contracts worth several billion dollars are due to expire Friday at 08:00 UTC, cryptocurrency exchange Deribit told CoinDesk in a message Wednesday.

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