These 5 billion dollars that are shaking the crypto market
Among derivative products, options contracts (or more simply, options) allow a trader to bet either up or down on an underlying asset. (cryptos here) by setting a predetermined price (purchase or sale) at a later expiration date (in 1 or 3 months for example). And precisely, this Friday, September 29, a large quantity of these options contracts on Bitcoin and Ethereum will expire.
These end-of-quarter periods are particularly closely watched within the options market. As explained by Luuk Strijers, commercial director of the Deribit exchange, of the 4.8 billion dollars of crypto options which will expire this Friday, 3 billion dollars of options concern Bitcoin, and 1.8 billion dollars concern Ethereum.