Bitcoin Volatility Rises Ahead of $23 Billion Options Expiration
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Crypto:Bitcoin jumped as much as 4% to $89,430 on Thursday, before erasing the gains. Options are showing that Bitcoin is heading into the final weeks of 2025 under intense pressure, with around $23 billion in contracts set to expire next Friday that threaten to amplify already-elevated volatility.The amount accounts for more than half of all the open interest on Deribit, the largest Bitcoin options venue. The looming buildup shows traders are pricing in continued downside risk in what’s become an even more perilous market. Bitcoin saw price swings of over $130 billion within an hour during US trading on Wednesday, triggering a cascade of both long and short liquidations. The broader crypto market has fluctuated around the $3 trillion threshold.