Will the $1.2B Bitcoin options expiry affect today's crypto market surge

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Crypto options expiry day has come around again amid a recovery for markets following the US central bank’s interest rate cut this week. Can momentum continue? 

Around 20,000 Bitcoin options contracts are due for expiry on Friday, Sept. 20. These crypto derivatives have a notional value of around $1.26 billion.

Today’s options expiry is very similar in size to last week’s expiry event, which did not have much of an impact on crypto spot markets.

Next week’s expiry is an end-of-month and end-of-quarter event with more than $5.3 billion worth of Bitcoin contracts expiring.

Below you will see the Binance Futures/Bybit/Kucoin/OKX/Bitget Signals Results for (19th September 2024) :
NULS-USDT - 19% profit
IMX-USDT - 19% profit
C98-USDT - 73% profit
SCRT-USDT - 44% profit
REEF-USDT - 905% profit
Net Profit = 1060% Profit

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