Analysis: This Friday's record-breaking options expiry will amplify market volatility, with $28.5 billion in BTC and ETH options set to expire.
BlockBeats News, December 23rd, the Christmas holiday market's thin liquidity, surging precious metal prices sucking up liquidity, and the upcoming record-breaking options expiry have collectively kept Bitcoin below $90,000 today. Analysts warn that the record options expiry this Friday will amplify volatility. Around 300,000 BTC options contracts (with a notional value of approximately $23.7 billion) will expire on Friday, accounting for over half of Deribit's total outstanding Bitcoin contracts.
Deribit's Chief Commercial Officer Jean-David Pequignot stated that this options expiry is "breaking records," with a total of $28.5 billion in BTC and ETH options expiring, double the amount from the same period last year.
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