Bitcoin Price Expected to Remain Steady Despite $3B Options Expiry

Roughly $3 billion in Bitcoin options contracts expire today, but this likely won't significantly impact Bitcoin's price.
Bitcoin options contracts allow buyers to purchase Bitcoin at a set price in the future, regardless of market price changes.
Historically, options expirations haven't drastically affected crypto prices.
Experts predict Bitcoin will continue trading between $26,500-$27,250 in October.
The small volume of expiring options confirms Bitcoin likely won't see major price spikes soon.

decrypt.co

Relevant topic timeline:

8/24/2023

Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement

The upcoming settlement of BTC and ETH options contracts could potentially push the prices of the cryptocurrencies closer to the max pain levels of $28,000 and $1,800, respectively, as sellers of call and put options try to make their counterparts suffer the most, according to Deribit, the world's leading crypto options exchange.

8/25/2023

$1.9 Billion Worth of Bitcoin Options to Expire Today

Deribit, the leading crypto options exchange, will settle $1.9 billion worth of Bitcoin options contracts and $893 million worth of Ether options contracts that are set to expire today.

9/4/2023

Weekly close risks BTC price 'double top' — 5 things to know in Bitcoin this week

Bitcoin price action remains uncertain as traders and analysts are divided on its next moves, with downside predictions ranging from $25,000 to $23,000 and concerns of a potential double top structure if the $26,000 level is not reclaimed, while network fundamentals consolidate recent gains and macro markets stay quiet.

9/4/2023

First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies

Bitcoin remains in a tight range between $25,800 and $26,000 after a recent price spike, as the SEC's delay in key ETF decisions dampens hopes of a long-term recovery in the market.

9/14/2023

Zero-Day Options Trading Skyrockets as Retail and Institutions Flock to High-Risk, High-Reward Bets

Zero-day to expiry options, or "0DTEs," have become popular among retail and institutional traders, with activity in the market hitting record highs, accounting for a significant portion of average daily trading volume in options tied to the S&P 500; however, there are concerns about the potential risks and impact on stock-market stability that these options pose.

9/20/2023

Bitcoin Could Dip to $24,900 and Still Be Bullish, Analyst Says

Crypto strategist Credible Crypto suggests that Bitcoin could dip to around $24,900 but still remain on track for a bull market cycle, and he is closely monitoring Bitcoin options open interest as an indicator for the market bottom.

9/25/2023

Major Cryptocurrency Options Expiring This Friday Could Impact Prices

117,000 BTC options contracts and 1.1 million ETH options contracts are set to expire on Deribit, with max pain levels at $26,500 and $1,650 respectively, as traders expect stable prices leading up to the event.

9/30/2023

Zero-Day Options Fuel Speculation and Risks While Comprising Half of S&P 500 Options

The rise of zero-day options contracts in the stock market poses a potential risk as they gain scale, with the potential for increased volatility and market swings, according to JPMorgan.

Topics

Posted 9/29/2023, 3:23:43 PM

Bitcoin Price Expected to Remain Steady Despite $3B Options Expiry

Roughly $3 billion in Bitcoin options contracts expire today, but this likely won't significantly impact Bitcoin's price.
Bitcoin options contracts allow buyers to purchase Bitcoin at a set price in the future, regardless of market price changes.
Historically, options expirations haven't drastically affected crypto prices.
Experts predict Bitcoin will continue trading between $26,500-$27,250 in October.
The small volume of expiring options confirms Bitcoin likely won't see major price spikes soon.

decrypt.co

Relevant topic timeline:

8/24/2023

Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement

8/25/2023

$1.9 Billion Worth of Bitcoin Options to Expire Today

Deribit, the leading crypto options exchange, will settle $1.9 billion worth of Bitcoin options contracts and $893 million worth of Ether options contracts that are set to expire today.

9/4/2023

Weekly close risks BTC price 'double top' — 5 things to know in Bitcoin this week

9/4/2023

First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies

Bitcoin remains in a tight range between $25,800 and $26,000 after a recent price spike, as the SEC's delay in key ETF decisions dampens hopes of a long-term recovery in the market.

9/14/2023

Zero-Day Options Trading Skyrockets as Retail and Institutions Flock to High-Risk, High-Reward Bets

9/20/2023

Bitcoin Could Dip to $24,900 and Still Be Bullish, Analyst Says

9/25/2023

Major Cryptocurrency Options Expiring This Friday Could Impact Prices

9/30/2023

Zero-Day Options Fuel Speculation and Risks While Comprising Half of S&P 500 Options

The rise of zero-day options contracts in the stock market poses a potential risk as they gain scale, with the potential for increased volatility and market swings, according to JPMorgan.