The recent interest rate cut by the Federal Reserve (FED) has had a positive impact on Bitcoin and altcoins. Bitcoin has risen above $64,000 and Ethereum above $2,600. However, Deribit CEO Luuk Strijers has warned about potential short-term volatility. A significant amount of Bitcoin and Ethereum open interest is set to expire on September 27, including 90,000 BTC options worth $5.8 billion and $1.9 billion ETH options. Strijers suggests that this expiration could cause fluctuations in prices. He also highlights the potential increase in market volatility when investors close or roll over their positions. However, Strijers expects an increase in the coming months with support from spot Bitcoin ETFs. The approval of options tied to BlackRock's Bitcoin ETF (IBIT) by the SEC could accelerate institutional adoption and have a positive impact on the price. The pricing of options expiring in the future indicates a bullish outlook.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-09-25
Watch Out for Friday in Bitcoin: There is a $5.8 Billion Earthquake! Deribit CEO Warns About Volatility!