Bitcoin’s largest options expiry of the year is colliding with geopolitical volatility that shows no sign of letting up with make or break peace talks uncertain.
Roughly $14 billion of Bitcoin options are set to expire Friday, as measured by the number for outstanding contracts, known as open interest. The quarterly rollover — which wipes out close to 40% of open positions on the dominant Deribit exchange — comes while US President Donald Trump is threatening Iran with intensified military action after Tehran rejected Washington’s push for a peace deal.