Bitcoin options worth $15B set to expire Friday on Deribit

  • Deribit has $15 billion in Bitcoin options scheduled to expire Friday.
  • $4.7 billion of the options is set between $50,000 and $85,000.
  • The post says 98% of sell options are worthless.

Bitcoin options with a stated notional value of $15 billion are scheduled to expire Friday at 4:00 a.m. ET on Deribit. The post says $4.7 billion of the options are set between $50,000 and $85,000, while 98% of sell options are worthless. It characterizes the positioning as favoring bulls and says bears have no reason to fight at current levels.

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Bitcoin options worth $15B set to expire Friday on Deribit - CoinPost Terminal