Nearly USD 10 billion in Bitcoin options expire Friday, potentially increasing selling pressure as traders adjust positions in a weakening market.
Bitcoin faces added downward pressure as roughly USD 10 billion in options are set to expire on Deribit, the largest crypto options exchange. The expiry occurs at 16:00 Singapore time Friday, coinciding with a broader market pullback driven by cooling institutional demand and macroeconomic headwinds.
Many of the expiring contracts are bullish bets, which may force traders to adopt more defensive or bearish positions. This shift could amplify the ongoing selloff, creating another stress point for Bitcoin prices. The expiry follows a period of heightened volatility and declining investor sentiment.
The market reaction remains uncertain, but the expiry is expected to test Bitcoin’s resilience amid persistent selling pressure.