Share this article
Bitcoin Likely to Rally After September Options Expiry: Deribit Poll
Bitcoin options contracts worth $3.3 billion are set to expire today.
Updated Apr 10, 2024, 2:06 a.m. Published Sep 24, 2021, 8:06 a.m.
Traders expect bitcoin to rally after Friday’s monthly options expiry, a Twitter poll conducted on Thursday by Deribit, the world’s largest crypto options exchange, showed.
Nearly 50% of the 517 votes favored “UpOnly”, or the cryptocurrency extending its bounce from recent lows near $40,000. Meanwhile 21% voted for “Nuke” – indicating for a price drop.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A total of 74,200 bitcoin options contracts worth $3.3 billion are due to expire today. Deribit alone is settling nearly 65,000 contracts at 08:30 UTC, the designated expiry time on the dominant exchange.
Most of the open interest is concentrated in the higher strike call options and will expire worthlessly.
This year, the options market has gained notoriety, with bitcoin witnessing pullbacks while heading into the expiry and regaining an uptrend following the event. The pattern was observed in the first four months of the year and in August.
Some analysts say the options market is still quite small to have a material impact on the spot price. As of Thursday, bitcoin’s global options volume was around $500 million, amounting to just 1.25% of the spot market volume of $40 billion, according to data sources Skew and CoinGecko.
What happens to #BTC price tomorrow after expiry?
— Deribit (@DeribitExchange) September 23, 2021
Bitcoin is trading largely unchanged on the day at almost $44,900 amid signs of stability in traditional markets. The S&P 500 closed above the crucial 50-day moving average on Thursday.
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
Что нужно знать:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
