As a seasoned researcher with years of experience in the cryptocurrency market, I’ve seen my fair share of volatility and surprises. The upcoming Bitcoin options expiry, as David Lawant of FalconX points out, is shaping up to be one for the record books, with an impressive $15 billion of option interest at stake. That’s a significant chunk of change, even by Bitcoin’s standards!
Based on the analysis by David Lawant from FalconX, Bitcoin’s upcoming options expiration could potentially be the biggest one yet.
According to the analyst’s findings, a significant amount of approximately $15 billion is at stake regarding option interest. This figure makes up around 43% of the entire current option interest. Furthermore, this upcoming expiry is anticipated to be three times bigger than the one that occurred in December last year.
For the options expiring on Friday, the majority of call positions are found in the range between $90,000 and $120,000. On the other hand, put positions are less numerous, with most being held at strike prices ranging from $80,000 to $90,000.
“The market typically favors BTC calls, but hedging demand has been rising,” Lawant said.
Bitcoin is currently trading at $96,161, according to the latest CoinGecko data.
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2024-12-27 09:28