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[$15 billion in options is about to expire, Bitcoin bulls focus on the next phase of the market] September 24th, traders are looking for clues to determine whether Bitcoin’s rise can be sustained. Now their focus is turning to an event not to be missed in the derivatives market: the quarterly expiration date of options contracts worth about $15 billion. On the Deribit platform, more than one-third of the open interest in Bitcoin options expiring on Friday is related to the September 25 expiration date. The ratio of puts to calls is 0.70, indicating that the market is more bullish on rising prices. The most concentrated strike prices for call options are $85,000, $90,000, and $100,000.
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