Bitcoin's $5.8B Quarterly Options Expiry May Spark Market Swings, Deribit Says

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

A notable amount of bitcoin and ether open interest is set to expire"in-the-money" on Friday, setting stage for price swings, Deribit's Luuk Strijers said.BTC's max pain level of $59,000 may weigh over prices, analyst at Presto Research said.market may get busy in the next two days as options contracts worth several billion dollars are due to expire Friday at 08:00 UTC, cryptocurrency exchange Deribit told CoinDesk in a message Wednesday.

Of the total bitcoin open interest of $5.8 billion, about 20% was"in-the-money" or having favorable strike prices compared to the cryptocurrency's going market rate. A similar positioning is seen in ether options. For call options, being in-the-money means having a strike price lower than the going market rate, while it's the other way around for ITM puts. Both allow holders to exercise their right to buy or sell profitably, setting the stage for market volatility.

Rollover of positions means closing existing traders in the upcoming expiry and opening new ones in the subsequent expiries to extend the holding period. Profit-making positions are often rolled over as seasoned traders prefer to let winners run.Activity is likely to remain robust in months ahead, as the U.S. SEC's decision to green light"One of the largest potential drivers is the options on ETFs.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 291. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Can $1.3B Bitcoin Options Expiry Shift Market Sentiment on Sept 13?Crypto Blog
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »

Can The Big $5 Billion Crypto Options Expiry Event Today Shift Market Momentum?Crypto Blog
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »