Crypto markets have been quiet recently, aside from a brief dip, and are trading steadily. However, today's Bitcoin options expirations could bring some excitement. Around 18,280 Bitcoin options contracts are set to expire, worth about $1.15 billion.

This batch is slightly smaller than last week's, but it could still impact the market. The put/call ratio is 0.64, meaning more calls are expiring than puts, and longs dominate open interest. Open interest is high for calls at $70,000 and $100,000 strike prices, indicating bullish sentiment. Trading firms see increased demand for upside calls, and Ethereum contracts are also expiring today, worth $840 million. Crypto markets have gained 2.1% today, reaching $2.45 trillion, but have been steady since mid-April.

Bitcoin dipped below $61,000 but recovered to $63,000, while Ethereum hit an intraday low of $2,953 before recovering to $3,032. Altcoins are mostly up, with Solana and Toncoin seeing bigger gains.

Today's Bitcoin options expirations could bring volatility to the quiet crypto markets. With a notional value of $1.15 billion and a put/call ratio of 0.64, the market is leaning bullish. Longs dominate open interest, and trading firms see increased demand for upside calls.

Ethereum contracts are also expiring, worth $840 million. Crypto markets have gained 2.1% today, reaching $2.45 trillion, but have been steady since mid-April. Bitcoin and Ethereum have recovered from brief dips, and altcoins are mostly up. The expirations could impact the market, but the outcome is uncertain.