Bitcoin options worth $2.5B near expiry

• Bitcoin (CRYPTO:BTC) options worth about $2.5 billion are approaching expiry.
• The market has remained largely flat despite recent macroeconomic events.
• Traders are watching whether the options expiry triggers higher volatility.

More than $2.5 billion in Bitcoin (CRYPTO:BTC) options are nearing expiry after the cryptocurrency traded within a narrow price range despite several recent market catalysts.

The subdued price action has reduced many of the reasons traders expected larger market moves, leaving the upcoming options expiry as the next major event to watch.

Options contracts give traders the right to buy or sell Bitcoin at a set price before a specific date, and large expiries can increase market volatility.

Analysts said many outstanding contracts are concentrated around key price levels that could influence trading activity as expiry approaches.

Bitcoin has remained relatively stable even as investors reacted to economic data, institutional activity and developments across global financial markets.

The approaching expiry will determine whether traders unwind their positions quietly or whether increased trading volume leads to larger price swings.

At the time of reporting, Bitcoin price was $65,132.79.