- A huge amount of crypto options are set to expire this week.
- When a large number of crypto options expire, volatility can rise.
- Iran’s deadline to make a deal with President Trump falls on the same day.
Traders are bracing themselves as the expiry date for a colossal amount of Bitcoin options fast approaches.
A total of $17 billion in digital assets options — more than $14.5 billion in Bitcoin — are set to expire on crypto derivatives platform Deribit on Friday.
“This is a huge expiry, large enough to influence spot prices,” Daniel Reis-Faria, CEO of ZeroStack, told DL News.
A Bitcoin options contract gives the trader the right, but not the obligation, to purchase the underlying asset at a specific price on a future date.
This…
