🚨 Bitcoin’s Largest-Ever $23.6B Options Expiry Hits Dec 26
Approximately $23.6B in BTC options will expire this Friday — the biggest in history, representing over half of Deribit’s total open interest.
📊 Key Levels:
• Call options: $100K – $120K → traders positioned for upside
• Put options: ~$85K → strong support
• Put-to-call ratio: 0.38 → market favors upside exposure
💡 Why It Matters:
• Expiry during a holiday-thinned liquidity week → higher potential for volatility
• Market makers hedge via spot trades → prices may hover near major strike levels
• Combined BTC + ETH options ~$28B will settle, with large flows driving price swings
⚡ Market Implications:
• Past weeks saw $130B notional value swings in one hour
• Expect volatility spikes as traders close positions and unwind hedges
• January catalysts (MSCI decision, renewed call-overwriting) could add fuel to momentum
Institutional flows are increasingly dictating BTC price action, making this expiry a key event for traders and market watchers.
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