Renewed Optimism Expected After Bitcoin and $10 Billion Ethereum Options Expire on Friday

The time has come again when discussions about crypto derivatives activity take priority.

On Friday at 08:00 UTC, $6.68 billion worth of bitcoin (BTC) options and $3.5 billion worth of ether (ETH) options will expire on leading crypto derivatives exchange Deribit.

The impending expiration, which represents more than 40% of the current accumulated open interest of more than $23 billion, could trigger increased market volatility. Large quarterly expirations often lead to higher volatility, making prices more unpredictable due to higher trading volumes and position closing/rolling over.

"As we approach Friday's big quarterly expiry, potentially influenced by the 'quadruple witch' and related volatility in the US stock markets, more than 25% of Deribit's open interest will expire in-the-money , which is equivalent to more than $2.7 billion. The total notional size of the maturity exceeds $10 billion," Luuk Strijers, CEO of Deribit, told Coindesk in an interview.

#BTC☀ #Bitcoin❗ #HotTrens #MtGoxJulyRepayments #MicroStrategy $BTC