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$13.6B in Bitcoin options expire Friday — Can bulls push BTC price to $100K?

Coin Telegraph
.6B in Bitcoin options expire Friday — Can bulls push BTC price to 0K?
bitcoin options

Can this week’s $13.6 billion Bitcoin options expiry trigger a BTC price rally to $100,000 and beyond? 

Bitcoin is set for its largest monthly options expiry of 2024, with a total exposure of $13.6 billion.

This event provides bulls with a pivotal opportunity to push Bitcoin’s (BTC) price above $100,000, making it crucial to assess the impact of call (buy) and put (sell) options set to expire on Nov. 29.

The S&P 500 has struggled to maintain levels above 6,000 over the past three weeks, signaling growing investor caution. This shift in sentiment is reflected in the United States five-year Treasury yield, which has declined from 4.35% on Nov. 15 to the current 4.12%.

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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

Ethena’s ENA token rallies on USDe integration by Deribit

Coin Telegraph
Ethena’s ENA token rallies on USDe integration by Deribit
Coin Telegraph

According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.

Deribit, one of the world’s largest cryptocurrency derivatives exchanges, plans to integrate Ethena’s synthetic dollar USDe (USDe) as rewarding margin collateral.

As part of the integration, Deribit will enable users to earn rewards for holding USDe and use it as derivatives margin collateral in a cross-collateral pool, the firm announced on Nov. 22.

According to Deribit, the exchange targets including USDe in its cross-collateral pool as of early January, pending regulatory approval.

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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

Bitcoin to $100K: What will milestone mean for derivatives markets?

Coin Telegraph
Bitcoin to 0K: What will milestone mean for derivatives markets?
Adoption

Bitcoin analysts and traders have long dreamed of a $100,000 BTC price, but what would the achievement mean for derivatives markets? 

Bitcoin’s (BTC) potential climb to the $100,000 price level has captivated investors for years. While retail participants often celebrate such psychological milestones, the key impact should come from institutional adoption and advancements in the Bitcoin derivatives markets. 

Bitcoin futures aggregate open interest, BTC. Source: CoinGlass

Futures open interest on Bitcoin presently totals 626,520 BTC ($58 billion), a 15% increase in two months, signaling growing interest in derivatives. If Bitcoin reaches $100,000, this open interest would hit $62.5 billion, representing 3.1% of its $2 trillion market cap. This contrasts with the S&P 500, where $817 billion in futures open interest equals only 1.9% of its $43 trillion market cap.

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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

Bitcoin price metrics point to more upside despite $92K acting as resistance 

Coin Telegraph
Bitcoin price metrics point to more upside despite K acting as resistance 
Arbitrage

Data hints that new all-time highs are on the way, even if Bitcoin struggles to gain above $92,000. 

Bitcoin (BTC) has been trading within a narrow 7% range since Nov. 12, signaling a period of consolidation around $91,000. Still, derivatives indicate that professional traders remain confident in the bull market. Additionally, multiple attempts to break above the $92,000 level suggest strong buying demand beyond the multiple MicroStrategy BTC acquisitions.

Bitcoin 30-day options 25% skew (put-call) at Deribit. Source: Laevitas.ch

The BTC options delta skew has dropped to its lowest level in four months, indicating the market is pricing a discount for put (sell) options. Levels below -6% suggest bullish sentiment and reflect confidence in the $87,000 support level, particularly from whales and arbitrage desks.

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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

Hitting and holding $100K Bitcoin price depends on $11.8B end-of-year BTC options expiry

Coin Telegraph
Hitting and holding 0K Bitcoin price depends on .8B end-of-year BTC options expiry
Bears

Bitcoin’s ability to reach and hold the $100,000 level will be influenced by the upcoming $11.8 billion options expiry.

Bitcoin’s (BTC) market is preparing for the year-end $11.8 billion options expiry, set for Dec. 27 at 8:00 am UTC. Recent data reveals a strong advantage for call (buy) options, though bears could significantly limit their losses by keeping Bitcoin’s price below $75,000.

Aggregate Bitcoin options open interest for Dec. 27. Source: Laevitas.ch

As of now, the total open interest for call options is $7.9 billion, while put (sell) options lag at $3.92 billion—underscored by Bitcoin’s 29% rise since October, which has likely rendered most put options worthless.

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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

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BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

The Daily Hodl
BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report
Altcoins
BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related […]

The post BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report appeared first on The Daily Hodl.

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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

Bitcoin.com
Blackrock Targets Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token
Binance
Blackrock Targets Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing TokenBlackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. […]
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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option

Bitcoin.com
Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option
bitcoin.com
Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral OptionDeribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates daily yield. The assets are secured in a segregated account at […]
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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

Ethereum bulls and bears fight to win this week’s $2.8B ETH options expiry

Coin Telegraph
Ethereum bulls and bears fight to win this week’s .8B ETH options expiry
Call

Ethereum price showed strength in September, but data suggests holding above $2,600 will be a challenge.

Ether (ETH) is trying to maintain its position above the $2,600 resistance level following a 15.1% gain between Sept. 18 and Sept. 23. Recent macroeconomic data indicating a weakening economy has fueled a rally in the stock market, increasing demand for short-term government bonds. In this context, traders are betting that the upcoming $2.78 billion monthly Ether options expiry on Sept. 27 could solidify the current bullish momentum.

The surge in Ether’s price has been primarily driven by a cut in US Federal Reserve interest rates, signaling a shift toward a more accommodative monetary policy. As a result, the S&P 500 index hit an all-time high on Sept. 24. Further bolstering this outlook, a drop in the S&P Global Manufacturing PMI on Sept. 23 heightened investor concerns about the health of the economy.

Ether/USD (blue) vs. US 2-year Treasury yield (magenta). Source: TradingView

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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

$8.1B in Bitcoin options expire this month — Do bulls or bears have the upper hand?

Coin Telegraph
.1B in Bitcoin options expire this month — Do bulls or bears have the upper hand?
Bitcoin Price

Will this week’s $8.1 billion Bitcoin options expiry fuel a rally to $70,000 or should traders anticipate a correction? 

Bitcoin (BTC) is about to experience its second-largest monthly options expiry of 2024, totaling $8.1 billion in aggregate exposure. The question is: will this be enough to fuel a robust rally toward $70,000, or are the bearish incentives too strong to ignore?

The current Macroeconomic environment favors risk-on assets, including Bitcoin and the Sept. 27 options expiry will be a pivotal event. The neutral-to-bullish options holders are well-positioned to capitalize if Bitcoin stays above $63,000. However, bears have enough motivation to curb this advantage by pushing Bitcoin’s price below $60,000. Thus, analyzing the options market's positioning and the potential net impact of the monthly expiry is crucial.

On Sept. 24, the Chinese stock market surged following the People's Bank of China’s (PBOC) announcement of plans to lower borrowing costs and inject liquidity into the economy, including reduced mortgage repayment programs. Additionally, the PBOC pledged $113.8 billion to support the stock market, including measures for share purchases and buybacks. Lynn Song, chief economist for Greater China at ING, commented, “There is still room for further easing in the months ahead,” according to Yahoo Finance.

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Lightchain AI Reaches Stage 6 Milestone with .7M Raised in Just Three Weeks

Lightchain AI Reaches Stage 6 Milestone with $2.7M Raised in Just Three Weeks

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