EddieJayonCrypto

 29 Dec 23

tl;dr

Friday marks a significant day for Bitcoin options expiration, with over 178,000 contracts set to expire, totaling $7.6 billion in notional value. Additionally, 1.49 million Ethereum contracts will expire on the same day. The market is experiencing a retreat in spot markets during Friday morning tra...

Friday marks a significant day for Bitcoin options expiration, with over 178,000 contracts set to expire, totaling $7.6 billion in notional value. Additionally, 1.49 million Ethereum contracts will expire on the same day. The market is experiencing a retreat in spot markets during Friday morning trading in Asia, with both Bitcoin and Ethereum prices seeing a decline.

Friday is Bitcoin options expiration day, and today is a mammoth end-of-month and end-of-year event. With billions in BTC derivatives expiring today, crypto markets may have one final movement before the end of the year. More than 178,000 Bitcoin options contracts are set to expire on December 29, according to Deribit. This is one of the largest batches of the year, dwarfing the previous week’s options expiry events.


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