Deribit to settle $16 billion in Bitcoin options on Friday
- —$16 billion in Bitcoin options expire Friday at 10:00 CET on Deribit
- —$9.4 billion of the expiring contracts are bullish bets
- —Settlement is automatic and does not involve real BTC sales
- —Option sellers may stop buying BTC, removing a source of price support
Why it matters: The expiry removes a temporary source of hedging demand, leaving Bitcoin more room to move sharply in either direction.
Source: Crypto Insiders