$3 Billion in Bitcoin Options Expire Today—Here’s Why It Matters
Bitcoin options contracts worth $3.6 billion are expiring today, mostly on Deribit ($95 million) and CME ($1.6 billion). Options allow traders to speculate on asset volatility by buying or selling at a set price. Traders can roll contracts forward or close them out. If options expire without exercise, asset price may remain stable. This month’s max pain is $48,000 on Derebit. Analysts predict potential selling pressure if BTC stays above $48,000. Most traders are bullish on Bitcoin, with 62% calls and 38% puts. Futures expiries are more significant in March. BTC is currently at $51,000.57, with minor fluctuations. The price increase since January is attributed to the approval of spot Bitcoin ETFs.
