Friday's end-of-month bitcoin options expiry could trigger significant market volatility: Deribit

Bitget App

Trade smarter

Bitget

News

The Block2024/09/25 16:44

By:Brian McGleenon

Friday’s end-of-month bitcoin options expiry could significantly impact market volatility, according to Deribit CEO Luuk Strijers.Major cryptocurrencies, such as bitcoin and ether, have traded flat over the past 24 hours.

September’s end-of-month bitcoin options expiry, the second-largest in open interest on the exchange, could lead to significant market volatility, according to Deribit CEO Luuk Strijers.

"The end-of-month September bitcoin options expiry is the second largest in open interest we currently have on Deribit. Friday's upcoming options expiry that will see over $5.8 billion expiring could trigger significant market activity and volatility after the expiration," Strijers said in an email sent to The Block.

Friday's bitcoin options expiry on Deribit could trigger significant market volatility. Image: Deribit.

The large number of expiring bitcoin options could lead to increased price swings as traders adjust their positions by either closing or extending them, which could noticeably affect the digital asset's price, according to Strijers. "This larger expiry is likely to heighten market volatility or activity as traders close or roll over their positions, which could also impact price," he said.

Strijers also highlighted the decrease in the put-call ratio , now at 0.62, as an indicator of growing bullish sentiment in the market. The put-call ratio compares the number of bearish put options to bullish call options, with a lower ratio typically indicating a more bullish outlook. According to Strijers, the put-call skew for both bitcoin and ether suggests that calls (bullish bets) are more expensive than puts (bearish bets) for longer-dated contracts for October, reinforcing a positive outlook.

In total, the $5.8 billion in options set to expire represents 33% of all outstanding contracts currently on Deribit, making this one of the most significant expiries of the year and one that could shape the market's direction in the near term.

Bitcoin BTC +0.54% traded flat in the past 24 hours, changing hands at $63,568 at 12:03 a.m. ET, according to The Block’s Price Page . The price of ether decreased by a muted 0.6% to $2,601 in the same period.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14