We rarely write on this topic, but - tomorrow is the expiration of options on BTC and ETH worth $18 billion.
We rarely write on this topic, but - tomorrow is the expiration of options on BTC and ETH worth $18 billion. This is the largest amount in the entire existence of the #Deribit exchange.
The scale is important, as well as how uncertain #BTC is behaving right now.
Large expirations, in our observation, rarely play a decisive role for volatility and, even more so, for the direction of price movement. But right now, it is worth considering.