Bitcoin, Ether Could Witness Upside Volatility as $15B Options Expiry Looms

Bitcoin, Ether Could Witness Upside Volatility as $15B Options Expiry Looms

- On Friday, leading crypto options exchange Deribit will settle bitcoin and ether options contracts worth $9.5 billion and $5.7 billion, respectively. - Deribit’s Luuk Strijers told CoinDesk that many options are set to expire in-the-money (ITM), which could inject upward pressure or volatility into the market. - Dealer hedging could also breed volatility around $70,000, FRNT’s David Brickell said. On Friday at 08:00 UTC, Deribit, the world’s leading cryptocurrency options exchange, will settle quarterly contracts worth $15.2 billion. Bitcoin …