A $6.4 billion bitcoin options expiry scheduled for Friday could increase short-term market volatility, according to CoinDesk. The expiry comes after bitcoin climbed from $62,000 to $80,000, a move that has left market makers managing larger risk exposures around several key strike prices. With price action concentrated near those levels, hedging activity around expiry may become a focal point for traders watching near-term swings. The report ties the upcoming event directly to the recent rally and the positioning pressure it has created for market makers.
A $6.4 billion bitcoin options expiry is due on Friday and could add to market volatility, according to CoinDesk.
The expiry comes after bitcoin surged from $62,000 to $80,000, leaving market makers with more exposure to manage around several key strike prices.
CoinDesk said the sharp move higher has increased the amount of risk market makers need to handle near those levels ahead of Friday's expiry.
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