On June 27, 2025, a record expiry of crypto options worth $17 billion took place on Deribit, showcasing the significance of institutional interest in this sector.
Overview of the Event
Deribit, the largest crypto options platform, saw the expiry of options totaling $17 billion, mainly in Bitcoin and Ethereum. The event involves $15 billion in BTC and $2.3 billion in ETH, highlighting significant trading volume.
Market Impact
Options expiry can significantly influence the market as BTC and ETH trade above key price levels. This creates bullish sentiment, reducing concerns about forced liquidations. The increase in call options also indicates traders’ positive expectations.
Historical Trends and Expected Reactions
There is a historical trend that such large expiries can lead to increased market volatility. Short-term price adjustments may occur as investors adapt to the expiry outcomes. A post-expiry rally is anticipated if contracts resolve above key price levels.
Thus, the record expiry of crypto options on Deribit not only highlights sustained interest from institutional investors but also signals potential changes in market dynamics.
