Bears reign as 86% of September’s $284M CME Bitcoin options are worthless

This means there will be less pressure coming from the CME options expiry, with $8 million call options open interest ranging from $10K to $11K. Unlike CME, Deribit traders have been more modest as only 70% of the call options open interest for September sits at $11,250 and above.

CME has $284 million worth of BTC futures set to mature on Friday, although this figure should be reduced as traders move positions to October and November contracts. As of now, the $622 million total open interest for BTC futures expiry on Friday seems quite relevant, considering spot (regular) exchanges maintain $2 billion in daily volume.

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