In brief
- About $17 billion in Bitcoin options are set to expire Friday, one of the largest on record.
- Experts warn a break below $108,000 could trigger forced selling and a drop toward $96,000.
- Softer inflation could ease pressure and open room for a rebound into year-end.
Crypto faces a critical test this week as the quarterly options expiry collides with a key U.S. inflation reading, a convergence that could determine whether the rally gains momentum or falters.
Roughly, $22.3 billion in crypto options will expire as the third quarter comes to a close on Friday, according to options exchange Deribit. Out of which, Bitcoin options with a notional value of $17.06 billion are set to expire.
Greg Magadini, director of derivatives at options analytics platform Amberdata, told Decrypt that the current Bitcoin expiration cycle is “the largest on the board.”
Dealer positioning shows “a lot of short gamma at $109,000 and $108,000,” he said, pointing to a situation that requires those price levels to hold t
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Author: Akash Girimath
