Deribit Platform Sees One of the Largest-Ever Options Expiry Values on Friday, Traders Expect Market Volatility

BlockBeats News, September 23, Yesterday afternoon, the crypto market experienced a sharp decline, breaking below the $4 trillion market cap mark. According to Deribit's data, in the options contracts expiring at the end of this month, the largest bets are concentrated at two extremes: protective put options targeting a price drop to below $95,000 and call options betting on a price surge to above $140,000. The scale of these two positions is large enough, indicating that traders expect market volatility rather than stability.

Deribit data shows that about $23 billion worth of Bitcoin and Ethereum options contracts will expire on Friday, making it one of the largest expiration dates in history, further fueling cautious sentiment in the market.