$16 Billion in Bitcoin Options Set to Expire This Friday
Bitcoin traders are preparing for the expiration of approximately $16 billion worth of options contracts on Deribit, scheduled for September 25 at 8:00 UTC. The event involves a total of 185,908 options—comprising 110,747 call and 75,160 put contracts—which could influence Bitcoin's price due to the large notional value involved. The maximum pain level for this expiry is set at $75,000 per BTC according to Deribit CEO Luuk Strijers. This figure represents a potential price point where option traders may collectively face significant losses if Bitcoin trades away from it on expiration day. The put-to-call ratio of 0.68 indicates more bullish sentiment among traders as there are more call options than puts. The open interest and market positioning ahead of the expiry could lead to increased volatility in BTC/USD trading pairs, with current prices hovering around $83,838 at time of writing.
Topics: Bitcoin Deribit Market Impact Options Expiry