$18 Billion in Bitcoin Options Set to Expire—Here’s What to Expect
A record $18 billion Bitcoin options expiry is expected to create delayed volatility in the market, according to Bitfinex analysts. They suggest that this volatility may be noticeable within 24 to 72 hours following the expiry. The expectations follow a rough trading week for Bitcoin, with the market currently inflated with a significant amount of open interest totaling $78.9 billion in Bitcoin contracts for October. Analysts pointed out that these large expiries typically suppress volatility leading up to the event and may lead to a clearer market direction afterward. At the moment, a slight majority (51%) of users on the Myriad prediction market are bearish about price movements over the weekend, anticipating lower prices. The options market shows significant activity, particularly with calls positioned at strike prices between $115,000 and $125,000 for October expiries. Consequently, the overall sentiment remains cautious as markets prepare for possible gains or losses in the wake of these options expiries.
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