Massive $15.2B Crypto Options Expiry May Trigger Big Moves in Bitcoin, Ether
The upcoming settlement of $15.2 billion in Bitcoin and Ether options at Deribit is poised to shake up the market. This event marks one of Deribit’s biggest option expiries, with Bitcoin contracts making up $9.5 billion of it. Traders are bracing for potential bullish swings, as a significant chunk of these options are likely to expire profitably. Key market players are watching how dealer hedging near the crucial $70,000 mark could amplify price movements. (CoinDesk)
Japan Poised for Yen Intervention as Currency Nears 34-Year Low Against Dollar
Japan is on the brink of intervening in the yen’s value, as the currency hits 34-year lows against the U.S. dollar, reaching 151.47. Steven Englander of Standard Chartered Bank…
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