$15.6B Bitcoin Options Expiry Clears As BTC Holds Near $84K
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Bitcoin options on Deribit expired on September 25 with a notional value of about $15.6 billion, and the settlement covered about 182,000 BTC. After the settlement, bitcoin was trading around $83,600, which was below the week’s near-$87,000 high and above its earlier trading range.
Key claims & sources
What it means
Bitcoin traders, especially those watching derivatives, saw a large Deribit expiry complete on September 25 while bitcoin was still trading around $83,600. The size of the settlement and the post-expiry price are the concrete developments visible today for market participants following the options market.
Market reaction i
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 45 days ago | CME Group to List Bitcoin Cash and Uniswap Futures Oct. 19 event | 2 actors in common · 2 news media |
| 43 days ago | Coinbase Spots Extreme Bullish Demand in XRP Options event | 1 actors in common · 2 news media |
| 44 days ago | $15.6 Billion in Bitcoin Options Expire Friday—Here's What It Means event | 1 actors in common · 2 news media |