Will Markets React to $2.8B Crypto Options Expiry Event?
Friday has arrived again, and that means another round of Bitcoin and Ether options contracts are expiring while spot markets have steadily climbed this week.
Around 25,000 Bitcoin options contracts will expire on Friday, Jan. 16, with a notional value of roughly $2.4 billion. This expiry event is slightly larger than last week’s, but derivatives trading remains slow, so there is unlikely to be any impact on spot markets.
Crypto markets have gained around $130 billion since the start of the week, with the majors hitting two-month highs despite the delay of the Senate markup for the market structure legislation in the United States.
Bitcoin Options Expiry
This week’s…
