Bitcoin: $13.8 billion in options expire this week
7:20 ▪ 5 min read
Get informed ▪ Bitcoin (BTC)
On August 29, $13.8 billion in Bitcoin options will expire, a deadline that could dictate the market's trajectory. BTC has just hit a six-week low, fueling tensions between weakened buyers and sellers determined to defend their positions. More than a mere technical event, this confrontation over derivatives crystallizes the uncertainty surrounding Bitcoin's immediate future.
In brief
$13.8 billion in Bitcoin options expire on August 29.
The market is tense as BTC has just hit its lowest level in six weeks.
Data from Deribit shows a clear dominance of bearish positions at current price levels.
The Fed and macroeconomic signals, especially from Jackson Hole, could influence the outcome of the contest.
Options at risk: an unbalanced market before expiration
Just days before the monthly expiration of BTC options, available data reveals a clear imbalance between bullish and bearish positions as the leading cryptocurrency slows down.
The total amount of Bitcoin options expiring on August 29 amounts to $13.8 billion, with 85% of the volume concentrated on the Deribit platform.
