Definition ∞ Derivatives expiry marks the predetermined date and time when a derivatives contract ceases to be valid or must be settled. At expiry, the contract’s terms dictate whether the underlying asset is delivered, or a cash settlement occurs based on the final price. This event often generates increased trading activity and potential price volatility in the underlying market. It represents a critical juncture for positions held in futures or options.
Context ∞ In cryptocurrency markets, derivatives expiry events, especially for major contracts like Bitcoin options, are closely watched by traders and analysts. News reports frequently analyze the potential impact of these expiries on spot prices, citing large open interest positions that could influence market direction. Understanding these dates is crucial for predicting short-term market movements and managing trading strategies.
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