On Friday, Bitcoin options worth $14.16 billion will expire on the cryptocurrency exchange Deribit, accounting for nearly 40% of total open interest. The main “tension” level for most contracts is set at $75,000.
Deribit’s Chief Commercial Officer (CCO), Jean-David Péquignot, notes that this level may act as a “price magnet,” pulling Bitcoin’s value closer due to market makers hedging activity.
While the impact of the “tension” effect on cryptocurrencies remains debated, analysts also highlight $75,000 as a key resistance level: breaking above it could trigger a new bullish trend.
The upcoming expiration is expected to pass without major volatility spikes, though the market may still deliver surprises.