The Deribit platform's options expiring on Friday are valued at one of the largest scales ever, as traders expect market volatility.

BlockBeats news, on September 23, the crypto market experienced a sharp fall yesterday afternoon, losing the $4 trillion mark. According to Deribit data, the largest bets in options contracts expiring at the end of this month are concentrated on two extremes: protective options against a price drop below $95,000, and call options betting on a price surge above $140,000. The size of these two positions is large enough to indicate that traders expect the market to be turbulent rather than stable. Deribit data shows that approximately $23 billion in Bitcoin and Ethereum options contracts will expire on Friday, marking one of the largest expiration days in history, which exacerbates the cautious sentiment in the market.