Update
Bitcoin Options Expiry Tomorrow
Bitcoin traders are preparing for possible price swings as about $11 billion in Bitcoin options expire on October 30. This represents roughly one-third of all open Bitcoin options on Deribit. The options expiry could increase market volatility as traders adjust their positions. About 70% of the expiring options' gamma is concentrated between $75,000 and $82,000, according to Adam Haeems, head of asset management at Tesseract Group. Traders will watch whether BTC stays near $80,000 or drops toward $75,000-$78,000 after the options expiry.