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Deribit Exchange Faces $17B Bitcoin Options Expiry as Critical $109K Level Hangs in Balance
Deribit Exchange Faces $17B Bitcoin Options Expiry as Critical $109K Level Hangs in Balance
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Deribit exchange News - Bitcoin faces a pivotal moment as $17 billion in options contracts approach expiration—one of the largest quarterly events on record. Market makers' short gamma positioning NEAR $108,000 could trigger cascading liquidations if support breaks, while softer inflation data might revive bullish momentum. Derivatives analysts warn of dealer hedging flows amplifying volatility. "The $109,000 level is critical," said Greg Magadini of Amberdata, noting market makers' exposure requires dynamic rebalancing that could accelerate any downward move. The macroeconomic overlay adds complexity. Thursday's PCE inflation print may determine whether institutional traders roll positions higher or retreat—setting the tone for year-end price action.
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