Bitcoin options markets are expected to see a significant drop on Friday as more than 77,000 BTC derivative contracts worth more than $4 billion expire. The lion’s share of bitcoin options come from derivatives trading platform Deribit, as the exchange has over $11 billion in open interest today.

bitcoin options markets continue their bubble, traders prepare to suffer the most

The cryptocurrency derivatives markets, including futures, perpetual swaps and options, have seen relentless demand in recent weeks. As for options, many puts and calls expire within two days and some within 12 hours. On the 26th. In April, data analytics firm tweeted about a 77k BTC worth over $4 billion that expired this week.

Options on 77k bitcoins expire this week, Scue tweets. The $50k and $52k strikes are open in good quantity, the analyst added.

Image via Twitter account

Over $4 Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still Frothy – Finance Bitcoin News

That’s a very large number compared to other expiration dates that could have a significant impact on the market, one person responded to Skew’s tweet. Data from both the main portal of and the order book of Deribit show that the lion’s share of expirations take place on Deribit.

Over $4 Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still Frothy – Finance Bitcoin News

Due to Deribit’s heavy weighting of open-ended options on BTC, exchanges like, Okex, Ledgerx, CME and Huobi have seen an increase in demand. The data shows that the point at which players can lose the most money is around $54,000. When the decline reaches the inflection point of maximum pain, the market might see bitcoin options sellers make the most of it. In terms of daily bitcoin option volume, Deribit also has the highest volume in this area.

Crypto-Exec warns against drawing conclusions from short-term price fluctuations

Industry experts and analysts believe that as far as the cash market is concerned, bitcoin (BTC) is expected to grow strongly. The rise of the climate and the steep fall of major crypto assets have given critics the opportunity to break down the volatility of cryptocurrencies. Paolo Ardoino, CTO of Bitfinex, told News that people should not jump to conclusions about short-term actions.

Critics reassured by bitcoin’s recent decline may be seeing the folly of drawing conclusions from rapid, short-term price swings, Ardoino told News. Similarly, those who compare bitcoin to a scheme or a Ponzi scheme should think twice, he added.

Ardoino continues:

The rapid growth of technological innovation is laying the foundation for a new decentralized world. Those whose thinking is bound by a disintegrating paradigm may fall on quicksand.

While cash markets rose, derivative contracts for bitcoin futures and options remained exuberant. Skew’s analysis shows that open interest futures remain in demand.

Binance leads the bitcoin futures race, followed by Bybit, Okex, CME and FTX Exchange in terms of billions of dollars of open interest. On the 21st. In April, Skew reported that CME Group was quoting significant volume in bitcoin futures.

CME Ether futures posted record volume on Monday, the analyst said.

What do you think of the expiration of the $4 billion bitcoin option on Friday? Let us know what you think in the comments below.

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4 billion, analysis, analytics, finance, bitcoin, bitcoin (BTC), BTC options, BTC OI options held, call, CME, data, derivatives contracts, expiration, futures, futures markets, LedgerX, Okex, options, options markets, puts, Skew,

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