Crypto
Bitcoin Derivatives Market Braces for Massive Options Expiration
A significant event is unfolding in the Bitcoin derivatives market as $15.6 billion in options are set to expire on Deribit on September 25.
The expiration involves 182,000 BTC, with calls accounting for 106,200 BTC and puts at 75,900 BTC.
This is a substantial increase from the August expiration, which saw $6.44 billion in options expire involving 81,700 BTC.
The max pain level is currently around $76,000, but it's essential to note that this does not necessarily mean Bitcoin will drop to that price before the expiration.