Bitcoin
Bitcoin Traders Monitor Settlement Mechanics Ahead of Key Deribit Options Expirations
Market participants are watching Deribit's upcoming contract expiries as billions in Bitcoin options settle against official index prices.
Traders are tracking upcoming options expiry dates on Deribit, including weekly and major monthly settlements scheduled for late October. The exchange settles contracts every Friday at 08:00 UTC, using a 30-minute average of its Bitcoin index to determine the final delivery price and mitigate single-trade price manipulation.
Ahead of the expiries, Bitcoin traded around $82,306 on October 15 after touching an intraday low of $79,806. The asset has rebounded roughly 29.9% over two months, though it remains down 6.7% year-to-date and 26.3% lower compared to the same period in the prior year.
Options that expire in the money convert into cash-settled futures contracts. The analysis notes that contract settlements often lead to the unwinding of hedges, which can reduce order book depth and tighten market liquidity heading into weekend trading sessions.
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