The second-largest monthly expiry for Bitcoin options is set to occur, with approximately $5.8 billion worth of contracts expiring on Deribit. Around 20% of these contracts are "in the money", with the split favoring call options over put options. Analysts believe that the upcoming options expiry could result in a $1 billion profit for bullish traders. The expiration could also lead to increased liquidity flowing back into Bitcoin and potentially create positive momentum. Additionally, Bitcoin traders will need to consider the effects of the upcoming U.S. Bureau of Labor Statistics' personal consumption expenditures report. Deribit CEO Luuk Strijers noted that the notional value of the contracts could still change before the expiry, as traders have the option to close or roll over their positions.



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