Analysts warned to pay attention to the $3 billion option for Bitcoin (BTC), which will expire on September 29.
Bitcoin And Ethereum‘in (ETH) on September 29 total close to 5 billion dollars the option will expire. of this situation in the cryptocurrency market It is estimated that this will lead to increased volatility.
Analysts next week 3 billion dollars in Bitcoinness Ethereumif in $1.8 billionSince the settlement period of the option will expire volatility warning made. Both the expiry date of the option contracts in question September both the bear Coinciding with the end of the 3rd quarter attracted great attention.
Luuk Strijers, Commercial Manager of the crypto derivatives exchange Deribit, said in his statement on the subject that the option contracts in question are similar to the cryptocurrency market and traditional finance. It will bring great volatility told.
Strijers also market makers before options expire can move the market he stated.
However, Deribit manager monthly And three months option contracts will have a big impact on the price if he emphasized in in current conditions It is not expected to be an extreme movement.