Bitcoin options expiry draws attention

Technology · First reported 29 Oct, 12:04 · Updated 18:34

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A large Bitcoin options expiry is approaching, with traders watching contract positioning and possible hedging activity. The supplied coverage also notes the Federal Reserve’s rate decision and Bitcoin’s market price as context.

About $11 billion in Bitcoin options, covering roughly 135,000 BTC, are due to expire Friday on Deribit; this is about a third of the exchange’s Bitcoin options open interest.
Bitcoin was trading near $81,500, while the options market’s max-pain level was $78,000; the article says that level describes positioning, not a prediction of where Bitcoin will settle.
The Federal Reserve held its policy rate at 3.75%–4% in a 10–2 vote; the article says hedging by options sellers could add to price swings as expiry approaches.

Summary written by Lux AI from 2 articles

Key facts

Expiry: Friday; about $11 billion in Bitcoin options on Deribit.
Contracts: Roughly 135,000 BTC: about 88,700 calls and 46,500 puts.
Market price: Near $81,500 at the time described.
Max pain: $78,000; the article says this is not a settlement-price prediction.
Fed decision: Rates held at 3.75%–4% in a 10–2 vote.