Bitcoin Faces $10 Billion Options Expiry Amid Market Weakness

Bloomberg reports that about $10 billion worth of Bitcoin options are set to expire this Friday on Deribit, with settlement scheduled for 16:00 Singapore time.

The event comes as Bitcoin is already under pressure from weaker institutional demand and broader macroeconomic headwinds. Because a large share of the expiring contracts are bullish positions, the expiry could force traders to adjust exposure as prices move against those bets.

Consequently, the large rollover is being viewed as a potential stress test for the market, with positioning shifts around the expiry potentially adding to ongoing downside pressure in the current selloff.

Source: Bloomberg