watch
Bitcoin Options Expiration at $102K Set to Impact Market
On June 27, Deribit, the world's leading cryptocurrency options exchange accounting for over 85% of the global activity, will host the largest weekly and quarterly expiration in Bitcoin options in its history, with a total of $14 billion, representing 40% of the current open interest in options.
The primary strike interest for Bitcoin is at the $102,000 level.
This event is significant given the massive scale and concentration of options expiring at this particular strike, which may lead to considerable market movements depending on whether Bitcoin's price is above or below the strike at expiration.
Source available for registered users Sign Up Free
AI Analysis
The upcoming options expiration on Deribit, with a record $14 billion in contracts, marks a pivotal moment for Bitcoin. The fact that 40% of open interest is expiring indicates a significant potential...
AI Recommendation
Given the substantial open interest and the critical strike at $102,000, traders should consider approaching with caution as expiration nears. It may be prudent to reduce exposure if holding positions...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
trade
buy on weakness