RECORD $14B BITCOIN OPTIONS EXPIRY LOOMS AS MARKET LOOKS HIGHLY LEVERED-UP
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✍️ A significant options expiry is set to shake things up in the highly levered-up cryptocurrency market, with 146,000 bitcoin options contracts valued at nearly $14 billion set to expire on Deribit.
👉 The largest expiry event ever on Deribit, with 146,000 bitcoin options contracts valued at nearly $14 billion 👉 44% of the total open interest for all BTC options across different maturities 👉 Significant open interest to expire ITM, generating a profit for buyers 👉 Traders with leveraged bullish bets at risk of magnified losses if the market moves against them 👉 Directional uncertainty lingers, with a lack of clarity in the market regarding potential price movements
-- #SimranjeetSingh #LuukStrijers #JeromePowell #AndrewMelville #Deribit #CoinDesk #technology
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