Bitcoin Trades Near $85,000 Ahead of One of Deribit’s Largest Options Expiries of the Year
Calls outweigh puts across Bitcoin and Ether options as traders position for a quarterly expiry that Coinbase values at about $18.1 billion.
- On Friday, roughly $18.1 billion in Bitcoin and Ethereum options expire in a quarterly settlement, with call options significantly outweighing puts across both markets according to Coinbase Markets.
- Both BTC and ETH markets show call-heavy positioning, with Coinbase reporting that recent trading flow is skewed even more toward bullish bets anticipating higher prices.
- Open interest is heavily concentrated at the $85k, $90k, $95k, and $100k call strikes, said Deribit Chief Commercial Officer Jean-David Péquignot, influencing spot BTC trading near $86,500.
- Dealer hedging of short call exposure fueled recent BTC rallies, Deribit CEO Luuk Strijers told CoinDesk. Once this flow settles Friday, volatility may increase as the pinning effect fades.
- Traders are watching price action around $85,000 for 'rollover' into October and December expiries, Strijers said, as positions close and reopen in later-dated contracts.
9 Articles
9 Articles
Coinbase sees $18.1B BTC, ETH options expire Friday
Bitcoin and Ethereum options carrying roughly $18.1 billion in notional value have moved toward their Sept. 25 quarterly expiry with calls outweighing puts across both markets, according to Coinbase Markets. Coinbase Markets said Bitcoin’s open-interest put/call ratio stood at 0.66,…
Bitcoin is preparing for one of the most important quarterly options maturities of the year. On Friday, September 25, approximately $15.9 billion in Bitcoin options and another $2.1 billion in Ethereum options will come to maturity in Deribit at 08:00 UTC, at a time when BTC listed around $85,000-$86.000. [...] Bitcoin entry faces an option maturation of $16 billion: This is what can happen was first published in Cryptoreport.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
