QCP Capital, a Singapore-based cryptocurrency investment firm, stated that after last week's market washout, spot prices remained flat. This Friday will see the expiration of nearly $20 billion worth of Bitcoin and Ethereum options, accounting for nearly half of Deribit's total open interest.

The expiration of options may trigger end-of-quarter volatility selling, especially in the case of flat spot prices and continued rolling of short positions by sellers.

If BTC breaks $100,000, volatility may remain stable, otherwise altcoins may see an opportunity to catch up. Currently, BTC has a market share of 58%, and attention should be paid to whether funds are flowing into altcoins to confirm a trend shift.