Bitcoin Options Expiry Looms with $18.6 Billion at Stake
- Over 90% of Bitcoin call options may expire worthless if the price does not exceed $71,000 by Friday.
- Bitcoin has remained within a range of $67,700 to $71,600 over the past week.
- The total open interest for Bitcoin call options is $11.2 billion, compared to $7.4 billion for put options.
- Analysts suggest that a rally of at least 6% from the current level of $70,900 is necessary for bulls to shift the outcome in their favor.
- Only $2 billion of call options are placed below $78,000, indicating that about 77% could become worthless if prices remain low.
The upcoming expiry could significantly impact traders as economic uncertainty and inflation concerns continue to rise amid geopolitical tensions. With major players like Deribit holding a dominant market share, the dynamics of call and put options will be crucial in determining Bitcoin’s price movement this week.
Traders should note that if Bitcoin remains below $71,000, it may invalidate up to **92%** of open call options by Friday’s expiry.(Source)
