Bitcoin Faces $10 Billion Options Expiry on Deribit
About $10.16 billion worth of Bitcoin options are set to expire on Deribit, the largest cryptocurrency options venue, at 16:00 Singapore time on Friday. The expiry is part of a broader $11.85 billion in crypto options maturing this week, adding to downside pressure on a market already grappling with cooling institutional demand and macroeconomic headwinds.
Market analysts note that a significant portion of the expiring contracts reflect bullish positions. Because Bitcoin's price has been declining, traders are likely to shift toward more defensive or bearish strategies as the settlement window approaches, making the volume a focal point for short-term price direction.
From the sources (3 posts)
@cointelegraph🚨 ALERT: Around $10B in Bitcoin options are set to expire on Deribit this Friday, potentially compounding more pressure on an already struggling market.
@wublockchainBitcoin Faces $10 Billion Options Expiry in Fresh Selloff Test Bloomberg reported that Bitcoin is facing a roughly USD 10 billion options expiry that could add pressure to a market already hit by cooling institutional demand and macro head
@cointelegraphRT @CointelegraphMT: 🚨 RESEARCH: $11.85 billion in crypto options expires this Friday. Bitcoin has $10.16 billion worth of options expiri…