Bitcoin Options Expiry: A Pivotal Moment for the Market

The upcoming $10.5 billion Bitcoin options expiry has been dubbed a potential turning point for the cryptocurrency, with analysts predicting that a decisive rally could unlock renewed upside potential.

Deribit remains the dominant venue in the market, commanding roughly three-quarters of the market share with approximately $4.5 billion in call options and $3.4 billion in puts.

The current derivatives landscape reveals a cautious stance among market participants, with about 88% of Deribit's call options poised to expire worthless if Bitcoin remains under $70,000 on Friday.

The link between Bitcoin and the Nasdaq 100 Index remains strong, with a 90% correlation suggesting that AI-driven earnings and risk appetite in equities can spill into crypto flows.