Bitcoin is Preparing for $10 Billion Volatility: Can the Price Rise?

Volatility is expected in Bitcoin (BTC) as the market prepares for a large amount of options to expire.

More than 20% of open positions on Deribit, the largest options exchange, will expire on Friday, June 28 as “in-the-money (ITM)”.

Options that are ITM mean that the price of the underlying asset, Bitcoin, is above or below a certain level. This means that many investors will have the opportunity to make profits and therefore there will be high trading volume and price fluctuations in the market.

10 billion dollar mobility

Large Open Positions: The fact that more than 20% of open positions in Deribit are in ITM status indicates that a large amount of Bitcoin may change hands at maturity.

If the market maintains its positive course after the option expiry, there is a possibility that the bullish expectation will increase.

Making a statement on the subject, Deribit CEO Luuk Strijers noted that the nominal size of the options expiring on Friday will be over $10 billion:

As we approach Friday's big quarterly expiration date, more than 20% of Deribit open interest, potentially affected by the 'quadruple witch' and related volatility in the US markets, amounts to over $2.7 billion. The total nominal size of Friday's option expiration will be over $10 billion.

An increase can be seen until July 12