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, Bitcoin and Ether options worth roughly $18.1 billion expire in one of the year's largest quarterly settlements on Deribit, with calls significantly outweighing puts across both markets.
- Market participants have heavily favored call options in the lead-up to the quarterly settlement, as Coinbase Markets reports recent flow is skewed toward calls, particularly for Bitcoin.
- 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, as 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.
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17 Articles
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Bitcoin Holds $85K as $18 Billion Options Expiry Looms Over BTC and Ethereum
Bitcoin is parked at $85,000. Right there. Holding. And the whole market is basically watching the clock tick down on… Read the original on Bitcoin Steady at $85K as $18 Billion Options Expiry Sparks Market Tension. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Quarterly crypto options expiry: max pain sits six sigma from spot
In short Max pain is the strike where the most options expire worthless, the level option sellers are least out of pocket if price settles there. Friday’s quarterly expiry carries a BTC notional of $14.5B with max pain at $78,000, and an ETH notional of $2.1B with max pain at $2,350, per our MCP Insights option-chain reading on 24 September. Spot sat at $84,502 for BTC and $2,694 for ETH the same day, which places price 6.05 and 7.41 standard de…
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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