⚠️ Today the crypto market is waiting for an $18B options expiry
On September 25, Deribit will see the expiration of a large quarterly options block on Bitcoin and Ethereum.
$BTC : about $16B $ETH : about $2B
According to Coinbase, the market is currently noticeably tilted toward call options. For BTC, large open interest is concentrated around $90,000 and $100,000; for ETH, attention is focused in the $3,000–4,000 zone.
But that doesn’t mean BTC is required to go to $90K and ETH to $3K. Large open interest by itself does not indicate the direction of a position.
The main thing today is different: after such an expiry, dealers and traders will have to rebalance hedges. This could amplify short-term volatility, especially if the price starts moving sharply.
Today I would pay special attention to BTC’s reaction after 08:00 UTC. 👀
#BTC #ETH
On September 25, Deribit will see the expiration of a large quarterly options block on Bitcoin and Ethereum.
$BTC : about $16B $ETH : about $2B
According to Coinbase, the market is currently noticeably tilted toward call options. For BTC, large open interest is concentrated around $90,000 and $100,000; for ETH, attention is focused in the $3,000–4,000 zone.
But that doesn’t mean BTC is required to go to $90K and ETH to $3K. Large open interest by itself does not indicate the direction of a position.
The main thing today is different: after such an expiry, dealers and traders will have to rebalance hedges. This could amplify short-term volatility, especially if the price starts moving sharply.
Today I would pay special attention to BTC’s reaction after 08:00 UTC. 👀
#BTC #ETH
