Large Options Expiry as BTC Trends DownSep 28, 2021
Last Friday saw the largest expiration of BTC options since Apr. 2021. This isn’t all too surprising, as quarter-end expirations tend to be larger than regular monthly expirations. However, open interest tends to recover quite dramatically over the course of the month post-expiration. So if we don’t see that bounce, it could be a sign of continued market exhaustion.