A massive $6.4 billion bitcoin options expiry on Friday could amplify volatility
核心要点
- Bitcoin’s BTC $ 78,932.95 recent price surge has given traders plenty to talk about and Friday could crank the excitement even higher.The catalyst?
Bitcoin’s BTC $ 78,932.95 recent price surge has given traders plenty to talk about and Friday could crank the excitement even higher. The catalyst? Options worth billions of dollars are set to expire on Friday at 08:00 UTC on crypto exchange Deribit.
A total of 81,700 bitcoin options contracts, representing approximately $6.44 billion in notional value, will cease to exist, according to data source Deribit Metrics. One options contract represents 1 full BTC.
The total comprises 44,639 call contracts and 37,061 put contracts, resulting in a put-to-call ratio of 0.83, which points to bullish positioning in the market.
The two most preferred call-option strikes are $75,000 and $80,000. The $75,000 strike holds the largest call open interest, with $236 million in notional value, followed by the $80,000 strike at $157 million.