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Historic Number Of BTC Option Contract Expirations Could Impact The Market

Emily Mason

Summary: 114,700 Bitcoin option contracts are set to expire on Friday, June 26, Skew data shows. Friday will mark the largest batch of option contract expirations in Bitcoin history. The expiration could have a significant impact on the market as option traders try to influence the spot price to avoid losses.  Those who benefit from higher ...

114,700 Bitcoin option contracts are set to expire on Friday, June 26, Skew data shows.

Friday will mark the largest batch of option contract expirations in Bitcoin history. The expiration could have a significant impact on the market as option traders try to influence the spot price to avoid losses. 

Those who benefit from higher Bitcoin prices will start buying to drive up the price and those who benefit from lower prices will take short positions.

These opposing trading objectives often lead to the price ending up where there is a concentrated number of open positions. For Bitcoin, open positions are concentrated at $10,000 and $11,000 on the higher end and $9,000 on the lower end. 

By Emily Mason

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