#加密ETF申请热潮涌现
Massive Options Expiration Triggers Bitcoin Volatility
On December 28, Bitcoin suddenly accelerated its decline in the early hours, dropping close to $93,000 at one point, but quickly recovered its losses and is now back above $94,000. According to Coinglass, in the last 24 hours, 92,500 people globally faced liquidation, with a total liquidation amount of $241 million. Media reports indicate that on December 27, Bitcoin experienced an options expiration worth $14.27 billion, with the largest open interest at a strike price of $90,000. Deribit, the derivatives exchange that holds a 72% market share in Bitcoin options, shows that the open contracts for call options amount to $8.45 billion, while the open contracts for put options total $5.82 billion. Data shows that the cryptocurrency derivatives exchange Deribit faced a record $43 billion in open contracts expiring on Friday, which includes $13.95 billion in Bitcoin options and $3.77 billion in Ethereum options. Industry insiders say that due to market makers potentially closing their hedging positions and shorting Bitcoin, Friday's market became unusually volatile. Meanwhile, Zaheer Ebtikar, founder of cryptocurrency fund Split Capital, previously stated that the market is hovering around $100,000, suggesting that large funds seem satisfied with this level, preparing to wrap up trading for the year.