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Bitcoin's $5.8B Quarterly Options Expiry May Spark Market Swings, Deribit Says

Bitcoin and ether options contracts worth billions are set to expire Friday, potentially increasing market volatility as 20% of the BTC open interest is in-the-money. Traders may close or rollover positions, impacting prices. The SEC’s approval of BlackRock's bitcoin ETF could further boost institutional adoption. Analysts suggest a bullish outlook as options pricing reflects positive sentiment, with max pain for BTC at $59,000, possibly exerting downward pressure near expiry.