On December 24, BlockBeats news
On December 24, BlockBeats news reported that QCP’s daily market observation stated that spot prices remained stable after last week’s drop as the holiday season approached. While the markets appeared calm this week, traders were keeping a close watch on the upcoming massive expiration date on Friday, when almost $20 billion in notional value of BTC and ETH options would expire for delivery, accounting for almost half of Deribit’s total open interest (OI).
Post-expiration could lead to typical
Post-expiration could lead to typical end-of-quarter volatility sell-off, particularly considering the continued spot market volatility and ongoing unwinding of options positions. Unlike most option sellers, call buyers might have already closed most of their positions. However, if BTC manages to break above $100,000, volatility may persist.
With BTC continuing to struggle below $100,000, there is also the possibility of altcoins gaining momentum.
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