The value of options expiring on the CEX platform on Friday reached one of the largest scales in history, with traders anticipating market volatility.

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On September 23, the crypto market plummeted yesterday afternoon, losing the $4 trillion threshold. According to CEX data, the largest bets in options contracts expiring at the end of this month are concentrated at two extremes: protective options to guard against prices falling below $95,000, and call options betting on prices soaring 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. CEX data shows that approximately $23 billion worth of Bitcoin and Ether options contracts are set to expire on Friday, marking one of the largest expiration days in history, which has heightened market caution.

BTC-0.63%
ETH-0.55%
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