A significant moment is approaching for Bitcoin: $7.25 billion in options contracts are due to expire on April 25, potentially setting off a wave of volatility in the crypto market. While Bitcoin (BTC) has recently traded within a tight range, this options expiry could be the catalyst for a dramatic shift.

Marcin Kazmierczak, COO of RedStone, noted in comments to crypto.news that this expiry arrives at a time of market uncertainty, with both bulls and bears awaiting a decisive move.

“This is one of the more dynamic expiries we’ve seen recently. There’s a lot of tension — and that often leads to explosive moves,” he said.

Options Market Skews Bullish Ahead of Expiry

The expiring contracts include 44.93k calls and 32.74k puts, highlighting a bullish bias. These calls represent over $127 million in market value versus just $24 million for puts. That imbalance could shape post-expiry direction — especially if BTC breaks a key level.

• Total notional value: $7.25 billion
  
• Call contracts dominate: nearly 5x more than puts
  

Kazmierczak says this structure signals traders are betting big on upside, though unexpected macro shifts could swing things the other way.

Traders Gear Up for Post-Expiry Volatility

According to Kazmierczak, these kinds of expiries often set off short-term volatility spikes, especially when paired with broader uncertainty around policy and global trade.

“Options expiry events are becoming crucial in understanding crypto market movement,” he explained. “This one’s a real pressure point.”

He also noted that Bitcoin fundamentals remain strong, with growth in stablecoin usage, tokenization, and adoption by institutions all providing long-term support.

BTC Holds Strong Against Traditional Market Swings

Unlike stocks, which have been rattled by renewed Trump-era tariffs and central bank speculation, Bitcoin has held firm. Kazmierczak believes this reflects growing investor confidence in crypto as a non-correlated hedge.

“It’s impressive how Bitcoin has decoupled from traditional risk-off cycles,” he said.

With billions in options nearing expiry, traders should prepare for turbulence — and possibly, opportunity. Whether this event triggers a breakout or breakdown, it’s likely to shake the market out of its recent slumber.