Bitcoin’s $100K Surge Looms as $14B Deribit Options Expiry Nears — But Is the Market Overconfident?

Bitcoin's march toward $100,000 is gaining steam—just as a $14 billion options expiry on Deribit threatens to shake the market. Traders are betting big, but the optimism might be thinner than a DeFi project's whitepaper.

The $14B options expiry: A make-or-break moment?

Deribit's looming expiry is the largest in months, with calls overwhelmingly targeting six-figure BTC prices. Open interest screams 'bull market,' but seasoned traders know liquidity crunches love to humble the greedy.

Sentiment vs. reality: A classic crypto tale

Funding rates are positive, social media's frothy, and everyone's suddenly a 'long-term holder.' Meanwhile, OI-weighted put/call ratios hint at quiet hedging—smart money's playing both sides while retail FOMO kicks in. Some things never change.

Will BTC defy gravity—or face a gamma squeeze?

If Bitcoin holds above $70K through expiry, gamma exposure could rocket prices toward $100K. But with max pain hovering lower and MM hedging in flux, this might be another 'buy the rumor, sell the news' circus. After all, Wall Street didn't invent pump-and-dumps—they just institutionalized them.