Approximately 17,400 Bitcoin options contracts, worth around $1 billion, are set to expire on October 4. This week's expiry is smaller than the previous week's, so it is unlikely to have a significant impact on the spot market. The put/call ratio of the expiring contracts is 0.75, with more long contracts expiring than shorts. The open interest at the strike price of $70,000 is high at $841 million, while the open interest at the $80,000 and $90,000 strike prices has fallen. However, there is still $968 million at the $100,000 strike price. The total expiry event, including Ethereum options, is approximately $1.3 billion. Crypto markets have declined by 2%, with a total capitalization of $2.21 trillion. Bitcoin briefly dropped to $59,950 before recovering to $61,000, and Ethereum dropped to $2,300 before recovering to $2,370. Most altcoins were in the red.



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