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$15.6B in Bitcoin options expire Friday
Deribit data shows both call and put hedging pressure concentrated around a single strike price level as expiry approaches.
Bitcoin options worth $15.6 billion are set to expire on Friday, according to strike-by-strike data from Deribit, as summarized by Decrypt.
The exchange's positioning indicates a large options book leaning toward calls, while hedging activity is also appearing from both sides at a specific price level.
Decrypt notes that this overlapping hedging pressure at the same strike suggests the market is focusing on that level into expiry.
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