Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween

A big Bitcoin volatility spike could occur by the month's end as two major factors come into play.

It is difficult to gauge the volatility coming from Bitcoin options until one to two days before the actual expiration.

According to the CME Bitcoin futures calendar, the October futures contract expires on Oct. 30.

All CME monthly Bitcoin futures contracts expire on the last Friday of each month.

The upcoming expiry of CME Bitcoin futures contracts is particularly important because of its high open interest.

As Cointelegraph reported last week, the CME became the second-biggest Bitcoin futures market by open interest, overtaking Binance Futures and other major exchanges.

Since CME tailors to accredited investors and institutions, the CME Bitcoin futures market surpassing major cryptocurrency exchanges carries various significance.

Atop the highly-anticipated options and futures expirations, Bitcoin also looks ahead at an important monthly close.

As Cointelegraph reported, Bitcoin options are pricing in a 7% chance of BTC hitting $20K in the next two months.

Technical analysts, including the psuedonymous trader Bitcoin Jack, state that the current technical structure of Bitcoin is bullish.