Bitcoin’s $16 B Quarterly Options Settlement Comes With a Call‑Dominated Book
On the upcoming Friday, the cryptocurrency market will witness the expiration of a massive batch of derivatives contracts—specifically, options on both Bitcoin and Ether that together represent close to $18 billion in notional value. This event marks the end of a quarterly settlement cycle that, according to market data, carries a pronounced bias toward call options. In practical terms, a call‑he…
Sept. 23, 2026, 1:02 p.m.