Data: Approximately $5 billion in BTC options will expire on Friday, with a maximum pain point of $98,000
ChainCatcher news, according to CoinDesk, Deribit data shows that approximately $5 billion in Bitcoin (BTC) options contracts will expire on Deribit at 4 PM Beijing time this Friday, with a maximum pain point of $98,000.According to Deribit data, of the upcoming $5 billion nominal value, $3.9 billion (78%) will expire out of the money (OTM), meaning these contracts will be worthless. Almost 100% of the call options are OTM, as bullish bets have suffered significant unrealized losses due to the sharp decline in Bitcoin prices over the past few days.