The crypto markets are bracing for major volatility as $17B Bitcoin, Ethereum options are set to expire on Friday.
Summary
- Over $17 billion worth of Bitcoin and Ethereum options contracts expire on Friday
- Out-of-the-money options dominate trader holdings, at 82.5% of open interest
- Timing overlaps with major macro events, which could amplify volatility
Crypto markets are bracing for a major volatility-inducing event. On Friday, October 31, over $17 billion worth of Bitcoin and Ethereum options contracts are set to expire on the crypto derivatives exchange Deribit.
For Bitcoin (BTC), 72,716 BTC call option contracts and 54,945 BTC put option contracts, worth a total of $14.4 billion, will expire on Friday. On the other hand, $2.6 billion in Ethereum
