The cryptocurrency market is waiting for the opening date of Bitcoin (BTC) and Ethereum (ETH) options worth millions of dollars.
According to data provided by Deribit options exchange, September 30 Millions of dollars of Bitcoin and Ethereum options contracts will expire. More than 100 million Bitcoins option contract and approx. 1.5 million Ethereum The effect of these transactions, including the contract, on the market is at the center of the analysts’ discussions. Purchase (callA large part of these contracts, where directional options are concentrated, Deribit is on the stock market.
Investors, who are positioned to buy or sell a certain amount of Bitcoin or Ethereum at a certain price until a certain maturity, can exercise this right until the last trading day, sell the option or wait for the expiration.
According to experts, options that allow investors to acquire rights without incurring obligations and are generally preferred in the field of risk optimization seem to have volatile effects on the markets towards the monthly close.
