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Bullish bitcoin traders grab crash protection as Friday's $8.9 billion expiry nears
Yahoo Finance· 2026-01-28 13:18
Crypto traders are leaning bullish while simultaneously chasing downside protection ahead of Friday's bitcoin (BTC) options deadline worth billions of dollars. Bitcoin options worth $8.5 billion will expire on Deribit at 8:00 UTC on Friday, the world's largest crypto exchange by trading volume and open positions. These figures represent the U.S. dollar notional value of active options contracts at press time, with each contract corresponding to one BTC or one ETH. Since the 2020 COVID crash, options mar ...