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Tomorrow, $10 billion BTC options expire, most are already worthless
Tomorrow (June 26), approximately $10 billion in BTC options expire on the Deribit platform, accounting for 37% of open interest.
The problem is: these options are mostly bullish bets, and BTC has been falling.
Most call options are now "out of the money"—no intrinsic value at the current price.
Deribit's Chief Commercial Officer's original words: "This was a book positioned for higher prices in the mid-term, now facing the reality of a price decline." Translation: A bunch of people spent big money betting BTC would rise, now they lost the bet, money gone.
The violent volatility that may occur tomorrow is not a trend reversal, it's gamblers trampling each other. Don't be fooled by false signals.
#BTC期权 #Deribit #衍生品 #Expiry Day