About 85,000 bitcoin options contracts, worth around $2.3 billion, are set to expire on major cryptocurrency futures and options exchange Deribit this Friday.
According to Deribit data, around 700,000 Ethereum options, valued at over $1.2 billion, are also set to expire on May 26.
“This Friday a total value of USD 3.6 billion will expire, which equals approximately 26% of Deribit’s open interest,” the platform said in a recent tweet. …
Read More: About 85,000 Bitcoin Options Contracts Set to Expire This Friday