$BTC The crypto market is about to face an important test – on Friday, December 26, the expiration of Bitcoin and Ethereum options worth $27 billion on the Deribit cryptocurrency derivatives exchange. The event affects over 50% of Deribit's total open interest. When large positions expire, it causes volatility in the market as traders rush to close deals or roll them over to new expiry dates.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC The crypto market is about to face an important test – on Friday, December 26, the expiration of Bitcoin and Ethereum options worth $27 billion on the Deribit cryptocurrency derivatives exchange. The event affects over 50% of Deribit's total open interest. When large positions expire, it causes volatility in the market as traders rush to close deals or roll them over to new expiry dates.