{"id":168102,"date":"2024-06-26T17:05:30","date_gmt":"2024-06-26T17:05:30","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=168102"},"modified":"2024-06-26T17:05:34","modified_gmt":"2024-06-26T17:05:34","slug":"crypto-market-alert-btc-eth-options-expiry-sparks-bullish-predictions","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/crypto-market-alert-btc-eth-options-expiry-sparks-bullish-predictions\/","title":{"rendered":"Crypto Market Alert: BTC, ETH Options Expiry Sparks Bullish Predictions"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">Deribit is preparing for <strong>a massive expiration of Bitcoin and Ethereum options next Friday<\/strong>, valued at $<strong>6.68 billion and $3.5 billion<\/strong> respectively.<\/li>\n<li style=\"text-align: justify\">This event represents ove<strong>r 40% of Deribit&#8217;s total open interest<\/strong> and could lead to <strong>high volatility<\/strong> in the crypto markets.<\/li>\n<li style=\"text-align: justify\">Deribit has been <strong>intensively preparing for the expected impact<\/strong> on BTC and ETH prices.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\">The crypto market could be in for a shake-up soon. <a href=\"https:\/\/metrics.deribit.com\/options\/BTC\" target=\"_blank\" rel=\"noopener\"><strong>Deribit<\/strong><\/a>, one of the leading cryptocurrency derivatives platforms, <strong>is gearing up for a massive expiration of Bitcoin and <a href=\"https:\/\/crypto-economy.com\/ethereum-staking\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> options next Friday.<\/strong> According to recent reports, BTC options worth <strong>$6.68 billion<\/strong> and Ethereum options worth <strong>$3.5 billion will reach their expiration date.<\/strong><!--more--><\/p>\n<p style=\"text-align: justify\">The significance of this event lies in the financial volume terms, representing<strong> over 40% of Deribit&#8217;s total open interest.<\/strong> It <strong>could trigger high volatility in the markets.<\/strong> More than <strong>25%<\/strong> of these options are anticipated to <strong>expire &#8220;in the money&#8221;<\/strong> \u2014 meaning they will be profitable for holders at the time of expiration \u2014 which is expected to increase trading volume and position adjustments that<strong> could influence BTC and ETH prices.<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-86478 size-full\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/06\/btc-deribit-1.png\" alt=\"btc deribit\" width=\"825\" height=\"381\" \/><\/p>\n<p style=\"text-align: justify\">Luuk Strijers, CEO of Deribit, spoke about the importance of the expiration, highlighting <strong>external influences such as &#8216;quadruple witching&#8217;<\/strong> in U.S. stock markets that could <strong>amplify volatility<\/strong>. Strijers emphasized that <strong>preparation for this event has been intensive<\/strong>, as historically, expirations of this magnitude have impacted crypto market prices and dynamics.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-86479 size-full\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/06\/eth-deribit-1.png\" alt=\"eth deribit\" width=\"825\" height=\"381\" \/><\/p>\n<h2>Bullish Run for BTC and ETH?<\/h2>\n<p style=\"text-align: justify\">Despite recent downward pressure affecting Bitcoin and Ethereum, partly due to <strong>miner sales and other factors<\/strong>, options skew data suggests an <strong>optimistic sentiment<\/strong> among traders. There is a clear <strong>preference for both short-term and long-term call options<\/strong>, indicating expectations for a potential price recovery for <strong><a href=\"https:\/\/crypto-economy.com\/bitcoin-ordinals\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a> around July 12 and for ETH around July 5.<\/strong><\/p>\n<p style=\"text-align: justify\">The expiration provides a landscape for adjusting trading and investment strategies. It is expected that the upcoming trading sessions following the expiration of options on Deribit <strong>will be crucial for the immediate direction of Bitcoin and Ethereum markets, as well as for the overall crypto market.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Deribit is preparing for a massive expiration of Bitcoin and Ethereum options next Friday, valued at $6.68 billion and $3.5 billion respectively. This event represents over 40% of Deribit&#8217;s total open interest and could lead to high volatility in the crypto markets. Deribit has been intensively preparing for the expected impact on BTC and &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Crypto Market Alert: BTC, ETH Options Expiry Sparks Bullish Predictions\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/crypto-market-alert-btc-eth-options-expiry-sparks-bullish-predictions\/#more-168102\" aria-label=\"More on Crypto Market Alert: BTC, ETH Options Expiry Sparks Bullish Predictions\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":168103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9156,84,74],"tags":[4602,5536,4656,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168102"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=168102"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168102\/revisions"}],"predecessor-version":[{"id":168104,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168102\/revisions\/168104"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/168103"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=168102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=168102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=168102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}