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Deribit's approximately $10 billion Bitcoin options are about to expire, Jean David Pequignot: bullish layout faces price decline test

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According to Bloomberg, Deribit will face the expiration of approximately $10 billion worth of nominal Bitcoin options on Friday, accounting for about 37% of the total open interest contracts. The ratio of put options to call options is 0.83, with most call options being out of the money. Put options are concentrated in the $60000 to $65000 and $70000 to $75000 ranges. Deribit's Chief Commercial Officer Jean David Pequignot stated that this is an option portfolio designed for medium-term high prices and is currently facing a test of declining spot prices.

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