Traders should not dismiss Friday's BTC and Ether options expiry. The $3.9 billion Bitcoin expiry presents a danger to bulls if the price happens to move below $50,000, considering the neutral-to-bearish put options would then have a $700 million advantage
Currently, bulls dominate Ether's more modest $930 million options expiry, and the $115 million difference in call options open interest seems guaranteed even if Ether's price drops to $2,600
However, both cryptocurrencies could experience volatility after Friday's 8:00 AM UTC options expiry and the following CME futures and options expiry at 3:00 PM UTC