QCP: BTC and ETH options with a notional value of nearly $20 billion will expire this Friday, or there will be a quarter-end volatility sell-off

The following is the English translation: QCP Capital stated that as the holidays approach, the spot price continues to maintain a sideways fluctuation. This Friday, there will be nearly $20 billion in notional value of Bitcoin and Ethereum options expiring, which accounts for nearly half of the total open interest of Deribit options. After the options expire, it is very likely that we will see the typical year-end volatility sell-off phenomenon reappear, especially if the spot price continues to fluctuate in this range and option sellers continue to roll their short positions. Unlike those option sellers who have to wait for the options to expire to release the collateral, call option buyers may have already rolled over most of their positions in advance. However, if BTC can successfully break through the $100,000 mark, the volatility may remain stable. Meanwhile, as BTC continues to hover below $100,000, we may also see Altcoins start to gain momentum again.