$10 Billion in Bitcoin and Ethereum Options to Expire This Friday

Bitcoin (BTC) and Ethereum (ETH) option contracts totaling $10.18 billion are reaching their expiration date on Deribit, a prominent crypto derivatives trading platform.

This significant event, set for Friday at 11:00 a.m. (EDT), represents more than 40% of Deribit’s current open interest, which stands at more than $23 billion.
Such significant option expirations every three months typically lead to increased volatility in the market due to significant trading volumes and the rebalancing of positions by traders.

Bitcoin faced a recent drop of nearly 9% this month, dipping below $60,000, attracting buying interest from opportunistic investors. Ethereum suffered a similar drop of nearly 10% during that period.

Despite the market’s recent decline, traders are optimistic as they are willing to pay higher premiums for both short-term and long-term calls compared to puts, indicative of bullish sentiment.

BTC is currently trading at $60,958, marking a decline of 2.24% over the past 24 hours, while ETH is down 1.14%, hovering around $3,375.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.