Tomorrow, at 08:00 (UTC) 146,000 BTC options contracts valued at about $14 billion will expire on the crypto exchange Deribit.
The notional amount represents 44% of the total open interest for all BTC options across different maturities, and it represents the largest expiry event ever recorded on Deribit.
Also, ETH options worth around $3.84 billion will expire on December 27 as well.
Deribit accounts for more than 80% of the global crypto options market.$BTC