Bitcoin rally approaches $15.7 billion options expiry
Bitcoin traders are bracing for a major derivatives reset on Friday, when about $15.7 billion of options tied to the cryptocurrency are due to expire on Deribit, putting the durability of this week’s rally under scrutiny. The September 25 quarterly expiry is the largest concentration of Bitcoin options on the exchange, with open interest equivalent to roughly 179,000 to 183,000 Bitcoin depending…
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