Blockchain enthusiasts, take note! Cryptocurrency derivatives exchange Deribit is about to usher in an important moment! On Friday, more than $9.5 billion in Bitcoin options positions will expire on the exchange. This will be Deribit’s largest expiration ever!
The expiring $9.5 billion in Bitcoin options accounts for 40% of the total $26.3 billion. According to data, the dollar open interest value of Deribit’s Bitcoin options contracts expiring at the end of March has increased to a peak of $8.61 billion on Friday.
In comparison, Deribit’s month-end maturities in January and February were significantly lower, at $3.74 billion and $3.72 billion respectively. This expiration date will undoubtedly have a certain impact on the Bitcoin market, let us wait and see!
