Deribit Exchange Braces for Volatility as $10B Bitcoin Options Expiry Nears
Bitcoin faces a pivotal moment as $10 billion worth of BTC options approach expiration on Deribit this Friday. The $95,000 to $105,000 range has emerged as a critical zone, with 93,131 contracts set to settle—53% calls and 47% puts. Market makers and traders are preparing for potential gamma-driven volatility, as large delta exposures cluster at the $95K, $100K, and $105K strikes.
"The $2.8 billion delta concentration in Deribit’s May 30 expiry could trigger aggressive dealer hedging," noted Volmex in a market analysis. Price movements NEAR expiry may amplify turbulence, with gamma sensitivity peaking as the deadline approaches. The options market’s positioning suggests a tug-of-war between bulls betting on upside and hedgers preparing for downside risks.
