Record Bitcoin Options Expiry Set for Halloween Amid Market Volatility
- A record $31 billion in Bitcoin options are set to expire on Halloween, surpassing last month’s $18 billion.
- Open interest at Deribit has reached an all-time high of $50.27 billion, with significant put contracts at $100,000 and call contracts at $120,000 strike prices.
- Bitcoin ETF flows have slowed after early-month inflows, while traders anticipate a high probability of a Fed rate cut at the upcoming FOMC meeting.
The impending expiration of Bitcoin options on Halloween marks a record-high monthly expiry despite recent market turbulence from October’s flash crash that wiped out leveraged positions worth $19 billion. Analysts suggest this could lead to increased volatility post-expiry.
With open interest peaking and significant option contracts set to expire, market participants are closely monitoring potential price movements in the days following the expiry event. (Source)
