Observers anticipate the record expiration to wake bitcoin s volatility out of its three months long slumber. How bitcoin would react to massive 1b options expiry today bitcoin options contracts with a notational value worth 1 billion will expire on friday across several derivatives. Today on june 26 bitcoin options worth 1 billion will expire with analysts divided on the consequent market impact.
The btc options market has heated up in the past year with expiration dates becoming one of the most anticipated events throughout the year. Open interest due to how long bitcoin has traded sideways for has reached record highs recently. Massive bitcoin options expiration expected this friday come june 26 2020 60 of all current open interest across the entire cryptocurrency market is set to expire all at once.
Options are a type of financial derivatives. But experts are divided on whether this won t have an impact or if it could shake up the crypto markets. Options for 67 700 bitcoin btc worth 745 million at current prices will expire tomorrow according to crypto data analytics platform skew.
The cryptocurrency s options market. Bitcoin options market faces record 1 billion expiry on friday bitcoin s btc derivatives continue to grow despite light spot trading over the past two months. A billion dollar batch of bitcoin options is set to expire tomorrow and that means a 1 billion question mark on where the price of bitcoin is headed next depending on whether traders decide to take their options or walk.
But some analysts say don t expect a big impact right away. The largest options expiration to date could mean strong volatility ahead for bitcoin.
