The largest-ever volume of Bitcoin options open interest on Deribit will expire this Friday

TechFlow news, the cryptocurrency derivatives exchange Deribit will see over $9.5 billion worth of Bitcoin options positions expire this week, marking one of the largest expiry days in the platform's history.

"This Friday will be one of the largest expiry days in Deribit's history, with $9.5 billion of Bitcoin options expiring out of a total open interest of $26.3 billion, accounting for 40%," Deribit analysts said in a report sent to The Block.