⏭ $3 billion worth of BTC options expire on Sept. 24

Skew data shows that a total of 73,700 options contracts worth $3.14 billion are set to expire on Friday, of which nearly 50,000 are call options and the rest are puts. Deribit accounts for more than 85% of the total open positions.

However, analysts do not expect any shocks. If the rate of BTC will take a mark of $50,000, traders who sold call options waiting for a bearish movement or consolidation, may resort to hedging. Simply put, they would buy the cryptocurrency on the spot or futures market to reduce the losses arising from the short call position and this could put upward pressure on the cryptocurrency and accelerate its growth. However, given the current bitcoin price, this development is unlikely.