🖲️🖲️🖲️🖲️ $10 BILLION of Deribit options expiring on May 30 for Bitcoin!!!!
We are approaching May 30, one of the most important dates of the year for Deribit options on Bitcoin, where we find a significant level of open interest.
Following the last few weeks of positive trading, during which the cryptocurrency has reached a new all-time high, the situation seems to be generally optimistic, but there is still the risk of some tricks from the bears in the short term.
💡 On May 30, $10 billion of Bitcoin options expire: beware of potential volatility 💡
Friday will be an important day for Bitcoin (BTC), at least concerning the derivatives market on Deribit, with $10 billion of options that will inexorably expire. The price at which the coin arrives on May 30 at 08:00 UTC will be crucial to understand which strikes will be exercised and which will expire worthless (OTM), influencing traders' behavior in the following days. Moreover, we are talking about the second most loaded date of open interest of the year, after June 27.
