Over $2.2 billion in Bitcoin and Ethereum options are about to expire, marking the arrival of the first major derivatives settlement day in 2026 and also alerting the market to potential volatility. Bitcoin options dominate with a notional value of $1.87 billion, trading near $88,691, above its $88,000 stop-loss level; Ethereum options have a notional value of $395.7 million, trading around $3,023, above its $2,950 stop-loss level. Position data shows that both assets are exhibiting bullish trends, with institutional block trades further boosting market optimism. However, the concentration of expirations also introduces short-term volatility risks, as hedge positions will be closed.

BTC1.71%
ETH4.36%
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