Approximately 20,000 Bitcoin options contracts will expire on Friday, Jan. 3, in the first such event of 2025.
Open interest, or the value or number of options contracts yet to expire, is highest at the $120,000 strike price, with $1.4 billion in OI,to Deribit. There is also $1.3 billion in OI at $110,000, so derivatives traders remain bullish with open contracts at higher strike prices.that the continuous trading market, or perpetual swaps, is showing more optimistic signals, similar to what was seen before the recent downturn.
It added that December’s end-of-year expiration of a significant proportion of the market’s OI in options “did not result in the fireworks that some expected.”that a major short call position had been put on Bitcoin with a notional value of $42 million. The speculator is betting that BTC will not exceed $150,000 by March 28 and stands to net $900,000 from the bet if successful.
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