Bitcoin's Massive Quarterly Options Settlement Unfolds

Bitcoin's quarterly options settlement has arrived with a 'call-heavy' book, as roughly $15.9 billion in bitcoin options and $2.1 billion in ether options expire at 8:00 UTC on Friday.

This marks one of the largest quarterly expiries of the year on Deribit, according to CEO Luuk Strijers.

The open interest for the September contract remains call-heavy, with a put/call ratio of 0.69, indicating that traders are positioning themselves for higher prices.

This is significant because the crypto options market has expanded multifold since 2020, and quarterly options settlements have become must-watch events for crypto traders.