9.25 Key News Roundup
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9.25 Key News Roundup:
1. Derivatives and Market Update: $16 billion BTC options settlement, with price trading in a high-range consolidation
The largest options settlement of the quarter: On September 25, Deribit saw one of the largest quarterly options settlements of the year, involving nearly $16 billion (about 189,000 BTC) worth of Bitcoin options at expiration. Call options accounted for over 60% (about $9.6 billion), heavily concentrated around strike prices of $90,000 and $100,000.
Headwinds from interest rates and a price pullback: Due to fluctuations in market expectations for Federal Reserve interest-rate policy and rising U.S. Treasury yields, Bitcoin pulled back after hitting an $87,000 impact and consolidated in the $83,000 - $84,500 range. The global total cryptocurrency market cap held steady at around $2.97 trillion, while the Fear and Greed Index remained at 71 (Greed).