What happens when $4 billion worth of Bitcoin and Ethereum options contracts hit their expiration date? The crypto market is about to find out. With this massive volume of BTC and ETH options reaching maturity, traders are watching closely to see which way the wind blows. Will we see increased volatility as positions unwind? Could this trigger a sharp move in either direction? The answer might lie in the current open interest distribution and where most of these contracts are positioned. Options expiry events of this magnitude rarely pass without leaving their mark on price action, and this time could set the tone for the weeks ahead.