$11 Billion in Bitcoin Options Set to Expire Friday
Edited by Steinar Vigdel Kolnes, Editor, Oslo
About a third of Deribit's Bitcoin options are due to settle Friday, following a Federal Reserve decision to leave interest rates unchanged.
Bitcoin options worth roughly $11 billion are scheduled to expire Friday, according to Decrypt. The contracts represent about one-third of Bitcoin options on Deribit.
The expiry comes a day after the Federal Reserve kept interest rates unchanged. Two officials voted in favor of raising rates instead.
Options give holders the right to buy or sell an asset at a specified price. Expirations can prompt traders to adjust positions, but the size of an expiry alone does not establish which direction Bitcoin's price will move.
Source: Decrypt
