Deribit

Circle stock tumbles 20% on newest Clarity Act draft
Circle shares fell 20% and Coinbase dropped about 10% after a draft of the U.S. Clarity Act raised the prospect of strict limits on stablecoin yield. The sell-off also comes as rival Tether moved to bolster confidence by hiring a Big Four accounting firm for a full audit. CoinDesk's Jennifer Sanasie hosts CoinDesk Daily.

Quadruple witching arrives tomorrow as markets brace for potential bitcoin volatility
Bitcoin tended to show muted performance on quadruple witching days in 2025, followed by weakness in the days to weeks after.

Bitcoin’s $40,000 put becomes second-largest options bet ahead of February expiry next week
Heavy positioning at lower strikes signals rising demand for downside protection for bitcoin.

Bullish bitcoin traders grab crash protection as Friday's $8.9 billion expiry nears
Bitcoin and ether options worth billions of dollars are set to expire this Friday.

Bitcoin risks fourth straight monthly loss, a streak not seen since 2018
A rare streak of four consecutive declines collides with January options expiry that could influence short term price action.

Bitcoin options open interest extends dominance over futures, damping BTC volatility
Bitcoin options open interest continues to outpace futures, marking a move away from leverage-driven speculation toward volatility and risk-management strategies.

Bitcoin traders kick off 2026 with bets on price rally above $100,000
Dominant call positioning is shaping bitcoin’s price dynamics as bitcoin breaks out of its sideways range.

Bitcoin nears breakout from the $85,000-$90,000 range as options expiry looms
A year-end options expiry for bitcoin is suppressing volatility just as macro and risk-asset positioning turns supportive for a higher price.

Bitcoin Traders Target $20K Bitcoin Strike as Deep Out of the Money Options Gain Traction
These flows represent a bullish bet on volatility rather than a downside hedge or outright bearish position.

Bitcoin Faces $13.3B Monthly Options Expiry as BTC Trades Well Below Max Pain
A sharp drawdown has pushed BTC towards heavy put positioning at $80,000 ahead of Friday’s expiry.

