Bitcoin Options Worth $12B Set for Expiry: Market Impact Analysis
In a significant market event, Bitcoin (BTC) options contracts valued at $12.13 billion are scheduled to expire on Deribit this Friday. Despite the substantial size of this quarterly options expiry, market indicators suggest a relatively subdued impact on Bitcoin’s price volatility, according to leading crypto derivatives exchange Deribit.
As recent analysis shows potential for major Bitcoin price movements in Q2, this options expiry presents a crucial test for market stability.
Key Highlights of the $12B Options Expiry
- Over 139,000 BTC option contracts expiring
- Represents 45% of total active BTC contracts
- 65% concentrated in call options
- 35% in put options for downside protection
Market Volatility Indicators Signal Calm
Several key metrics suggest minimal market impact:
- 30-day implied volatility index (DVOL) dropped from 62% to 48%
- Perpetual futures basis steady at 5%
- Balanced options positioning across strikes
Expert Analysis on Market Impact
Luuk Strijers, CEO of Deribit, provided exclusive insights: “Despite the size of the expiry, the overall setup—low DVOL, moderate basis, and balanced options positioning—points to a relatively subdued expiry unless external catalysts emerge.”
Additional Market Considerations
- 3-Day Put-Call Skew showing slight positive bias
- 30-Day Put-Call Skew indicates bullish medium-term outlook
- Ethereum options worth $2.8B also expiring Friday
FAQ Section
What is the total value of Bitcoin options expiring?
$12.13 billion worth of Bitcoin options contracts are set to expire on Deribit this Friday.
Will this expiry affect Bitcoin’s price?
Current market indicators suggest minimal volatility impact, though external factors could still influence price action.
What’s the distribution between calls and puts?
65% of the contracts are call options, while 35% are put options for downside protection.