Over $17bn crypto options, including $14.5bn in Bitcoin, expire Friday
Deribit will see $17bn in crypto options expire Friday, including $14.5bn of Bitcoin contracts that could sway spot prices. The deadline coincides with President Trump’s Iran deal deadline, intensifying volatility after Bitcoin’s 8% surge since February 28 attacks.
1. Massive $17bn Options Expiry
Deribit will see $17bn in crypto options expire Friday, with $14.5bn tied to Bitcoin contracts. Traders note that such a large expiry can drive spot price swings as positions close or roll over.
2. Geopolitical Alignment with Iran Deadline
The options expiry coincides exactly with President Trump’s deadline for Iran to reach a deal on the military conflict, a window that catalyzed Bitcoin’s surge and could further destabilize markets when it lapses.
3. Volatility Outlook and Market Maker Role
Historically, large options expiries have triggered sharp price moves, but market makers can temper volatility by selling option premiums. This dual dynamic leaves Bitcoin positioned for potential spikes or dampening ahead of the Friday deadline.