Posted 12/28/2023, 11:30:00 AM
Record $11B in Bitcoin and Ethereum Options Set to Expire Friday
- Over $11 billion in BTC and ETH options will expire on crypto exchange Deribit on Friday, the largest expiration yet
- Both BTC and ETH are trading well above their "max pain points," so major pre-expiry volatility is unlikely
- There is record open interest in in-the-money BTC and ETH call options for this expiration
- Clients have been rolling positions to later expiries, with focus shifting to an upcoming BTC spot ETF decision
- The market may see increased volatility after the expiration as we head into the historically bullish BTC halving year