Get ready: Roughly $3 billion in Bitcoin options contracts will expire later today. But what does that mean for the price of the biggest cryptocurrency? 

At the time of writing, Bitcoin was up 0.2% in the past 24 hours—trading hands for $26,921, according to CoinGecko. The asset has brought the rest of the market with it, with most digital coins and tokens in the green. 

But with Bitcoin options contracts set to expire, the price of cryptocurrency could dip or swing up even higher, right? 

Not necessarily. According to experts who spoke to Decrypt, it’s unlikely the price of Bitcoin will budge that much. 

Data from CME Group shows that $9 billion worth of open interest—or unexpired options contracts. And of those, $3 billion will expire today.

A Bitcoin options contract is a deal that lets buyers snap up Bitcoin at an agreed-upon price—regardless of whether the price changes by the time the contract expires, which

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Author: Mathew Di Salvo

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