Crypto Options Expiry Looms: $2B in Contracts Set to Expire with Minimal Market Impact

Bitcoin options contracts worth around $1.6 billion are set to expire this Friday, February 21, in one of the smallest expiration events of the year.

The number of contracts, approximately 16,500, is a fraction of what was seen last time, suggesting minimal impact on spot markets.

A put/call ratio of 0.75 indicates a slight dominance of call (long) contracts over puts (shorts), with open interest remaining highest at the $120,000 strike price, totalling $1.8 billion.