About $5 Billion USD Worth of BTC Options Set to Expire on Friday, Key Pain Point at $98,000

BlockBeats News, February 26th, according to Deribit data, around $5 billion worth of Bitcoin (BTC) options contracts are set to expire on Deribit this Friday at 16:00 Beijing time, with the maximum pain point at $98,000.

According to Deribit data, of the $5 billion notional value set to expire, $3.9 billion (78%) will expire out of the money (OTM), meaning these contracts will be worthless. Almost 100% of the call options are OTM, that is, bullish bets, as the Bitcoin price has dropped significantly over the past few days, resulting in investors suffering considerable unrealized losses.