Episode Details

Bitcoins largest options expiry of the year approaches, with $14B in contracts set to expire on Friday. This quarterly event on Deribit may wipe out nearly 40% of open positions, amidst ongoing Middle East tensions. Bitcoin has traded in a tight range between $60K and $75K for weeks, dipping to $68,122 on Thursday due to $171M in outflows from spot ETFs. Traders attribute this to heavy institutional selling of upside bets earlier in the year, shifting risk to market makers hedging by buying dips and selling rallies. With the expiry behind us, Bitcoin may become more vulnerable to outside shocks like peace talks progress, as President Trump recently extended his deadline for a US deal with Iran. Expect volatility to increase post-expiry, potentially pushing prices sharply higher or lower depending on regional headlines.

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