On December 27, Bitcoin will face the largest options expiration in its history, with options contracts worth $19.8 billion expiring, potentially causing significant volatility in the Bitcoin market.
Options Market Overview:
Open Interest Positioning: Currently, the total value of open interest for call options is $12 billion, while put options amount to $7.8 billion, indicating a dominance of call options.
Market Share by Trading Platform: Deribit leads the options market with a 72% share, followed by the Chicago Mercantile Exchange (CME) at 12%, and Binance at 9%.
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