$11 billion in options set to expire in a concentrated batch, combined with the U.S. midterm elections, could exacerbate Bitcoin price volatility.

Zhitong Finance APP has learned that with $11 billion worth of options contracts expiring this week, Bitcoin traders are preparing for potentially more severe price volatility. At the same time, this options expiry comes just days before the U.S. midterm elections, which could further increase uncertainty in the cryptocurrency market.