What Impact Will Expiry of $60M in Ethereum (ETH) Options Have on the Price

Deribit Ethereum (ETH) options contracts with a strike price of $2,550 are set to expire on Friday. There are over 24,600 outstanding contracts worth more than $62 million at this price, even as the ETH’s price is $2,541.79 ahead of an exchange-traded fund (ETF) approval deadline in May. The large volume of contracts appears to reflect market sentiments around the potential approval of... source: https://beincrypto.com/eth-price-rally-options-expiry-etf/