High volatility in Ethereum (ETH) and Bitcoin (BTC) during the middle of the week was suggested to be associated with Bitcoin and Ethereum options that expired recently and are worth $2.4 billion in total.
Deribit, the crypto futures and options exchange according to the data provided October 28 on 1.3 billion dollar bitcoin and 1.1 billion in total, including $ Ethereum options 2.4 billion your dollar option his number is up.
experts, last 25-26 October appearing in Ethereum and Bitcoin volatility investors against freed options from repositioning itself can be caused they suggested.
a particular product until maturity/at maturity written on at the deal price and from the agreed custom granting the right to buy/sell Options, which are an investment tool, offer their investors unlike other investment tools. while giving rights, it keeps them away from obligations.
A good portfolio protection tool options, especially when concentrated in the markets high volatility is natural is met.