Bitcoin Trades Near $85,000 Ahead of One of Deribit’s Largest Options Expiries of the Year
Calls outweigh puts across the $18.1 billion book as traders watch whether dealer hedging fades after the quarterly settlement.
- On Friday, September 25, Bitcoin and Ether options worth roughly $18.1 billion will expire in one of the year's largest quarterly settlements on the Deribit exchange.
- Market participants have heavily favored call options in the lead-up to the quarterly settlement, as Coinbase Markets reports that recent flow is skewed toward calls.
- For Bitcoin, call open interest is concentrated at the $90,000 and $100,000 strikes, while Ether call interest is spread through the $3,000 to $4,000 range.
- Short-Term volatility could increase as the prevailing trading range resets following the expiry, Deribit CEO Luuk Strijers noted, since the settlement clears out dealer-related hedging.
- Traders are watching price action around $85,000 as they observe how expiring positions "rollover" into October and December expiries, according to Strijers.
16 Articles
16 Articles
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Quarterly crypto options expiry: max pain sits six sigma from spot
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Bitcoin Holds $85000 Amid $18 Billion Options Expiry
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News Bitcoin holds strong at $85,000 as a record $18 billion in Bitcoin and Ethereum options are set to expire on September 25, potentially triggering market vola... The post Bitcoin holds $85000 amid $18 billion options expiry first appeared on NoSmokeSport - Sports News & Latest Trending World News and is written by Je…
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