Nearly $16 billion in BTC options expire on Friday, with call positions dominating and potentially exacerbating short-term volatility

Odaily News: Approximately $15.9 billion in BTC options and $2.1 billion in ETH options will expire on September 25 at 8:00 (UTC), with the BTC options expiration size accounting for about 37% of Deribit's current total BTC open interest options of $43.5 billion. Deribit CEO Luuk Strijers stated that call options dominate the positions in this quarterly contract, with a Put/Call open interest ratio of 0.69, indicating that the market had previously mainly bet on price increases. Currently, about 55% of the approximately $9.4 billion in calls are in the money, and the max pain point for BTC options is $75,000. Strijers said that after expiration settlement, market maker hedging and the Gamma effect will fade, BTC short-term volatility may rise, and the market trading range may readjust. (CoinDesk)