$2.5 Billion Crypto Options Expiry Looms — But It’s the Massive $40,000 Bitcoin Bet That Has Traders on Edge

Nearly $2.5 billion in Bitcoin and Ethereum options expire today, setting up a potentially volatile end to the month as traders juggle upside bets with deep downside insurance. On the surface, positioning appears constructive. But beneath the call-heavy skew lies a striking anomaly: one of the largest open interest clusters in Bitcoin sits far below
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