The crypto market is preparing for a major event as nearly $18 billion worth of options $BTC and $ETH expire this Friday, while Bitcoin remains steady above $85,000.

These numbers come amid renewed appetite, as spot Bitcoin exchange-traded funds recorded inflows totaling $715 million.

The large size of options may increase price volatility ahead of and after Friday’s expiry, as traders rearrange their positions in preparation for the contracts’ expiration.

And with Bitcoin staying above $85,000, the market is watching whether institutional demand via the funds can absorb any potential selling pressure.

Ethereum is also at the center of the action, as its options account for part of the total $18 billion, making Friday a sensitive date for two major currencies.

Some details still remain unclear, such as the precise distribution of options between the two assets and their final impact on prices. But what’s clear is that the large volume of bets keeps eyes focused on Friday.

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