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BTC and ETH Options Worth $17 Billion Set to Expire
Summary: According to reports, the cryptocurrency market is gearing up for significant volatility as options contracts worth over $17 billion for Bitcoin and Ethereum are set to expire on October 31st on the cryptocurrency derivatives exchange Deribit. Of these, Bitcoin options have a total value of $14.4 billion, including 72,716 call options and 54,945 put options; ...
According to reports, the cryptocurrency market is gearing up for significant volatility as options contracts worth over $17 billion for Bitcoin and Ethereum are set to expire on October 31st on the cryptocurrency derivatives exchange Deribit. Of these, Bitcoin options have a total value of $14.4 billion, including 72,716 call options and 54,945 put options; Ethereum options have a value of $2.6 billion. The dominance of call options indicates that traders are betting on BTC price to rise before expiry.
