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QCP Capital: This Friday, Bitcoin and Ethereum options with a nominal value of nearly 20 billion US dollars will expire

QCP Capital: This Friday, Bitcoin and Ethereum options with a nominal value of nearly 20 billion US dollars will expire

Bitget2024/12/24 02:56

Singaporean cryptocurrency investment firm QCP Capital announced today that after experiencing a market washout last week, spot prices continue to fluctuate sideways as the holiday season approaches. Although the market seems calm on the surface this week, everyone's attention is focused on the large-scale options expiration event coming this Friday, when nearly $20 billion worth of Bitcoin and Ethereum options will expire. This figure accounts for almost half of Deribit's total option holdings.

After the options expire, it is very likely that we will see a typical end-of-quarter volatility sell-off reappear, especially if spot prices continue to fluctuate within this range and option sellers continue to roll their short positions. Unlike those option sellers who must wait until after the options expire to release collateral, bullish option buyers may have already rolled most of their positions in advance. However, if BTC can successfully break through the $100k mark then volatility might remain stable.

Meanwhile, as BTC continues hovering below $100k we might also see altcoins start catching up again. A month ago when BTC was trading at these levels ETH/BTC rebounded from 0.032 support level and similar trends were observed then too. Currently BTC’s market share remains at 58%, we are closely monitoring whether there will be a significant drop in this ratio confirming funds flowing from BTC towards altcoins.

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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.

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