Bitcoin's $16 billion quarterly options settlement arrives with a 'call-heavy' book
According to CoinDesk, Bitcoin's upcoming $16 billion quarterly options expiry could lead to increased volatility and the removal of some buying pressures, particularly dealer hedging that previously contributed to upward movement. Over half of the $9.4 billion in expiring call options are currently in the money, especially around the $70,000 strike price, with a concentration of open interest at the $85,000, $90,000, $95,000, and $100,000 calls. The maximum pain point for option buyers is at $75,000, which is below the current spot price of approximately $85,500. The expiry is expected to reset the trading range for Bitcoin's spot price and potentially increase short-term volatility as dealer hedging effects diminish post-settlement.























