Bitcoin options open interest for March expiry on Deribit hits record levels | Headlines | News | CoinMarketCap
03/27/2024 21:40
Over $9.5 billion worth of bitcoin options open interest is set to expire this week on the Deribit cryptocurrency derivatives exchange. This makes …
The Block Crypto News12 minutes ago
Published on March 27, 2024 14:27 GMT+00:00edited on March 27, 2024 14:31 GMT+00:00
Over $9.5 billion worth of bitcoin options open interest is set to expire this week on the Deribit cryptocurrency derivatives exchange. This makes Friday's end-of-month expiry one of the largest the leading crypto derivatives exchange has ever seen.
"This Friday marks one of the biggest expiries in Deribit's history as $9.5 billion bitcoin options open interest out of $26.3 billion will expire, or 40%," Deribit analysts said in a note sent to The Block.
The max pain level for Friday's end of month expiry on the Deribit derivatives exchange is $50,000. Image: Deribit.
The data from Deribit corresponds with that from The Block's Data Dashboard. According to The Block's data, open interest in U.S. dollar value for Friday's March end-of-month expiry for bitcoin options contracts …