BLOOMBERG · 2026-10-29 00:58 UTC

Bitcoin Traders Brace for Swings on $11 Billion Options Expiry

$11 billion in Bitcoin options expire Oct. 30, representing roughly a third of all outstanding Bitcoin options on Deribit, with most concentrated between $75,000 and $82,000 strike prices. Bitcoin has fallen below $80,000 and traders expect sharper price swings from options expiry and potential dealer hedging, particularly if gamma supply dries up after the Nov. 3 US midterm elections. Election results could significantly impact Bitcoin's direction: median year-end forecasts range from $76,450 if Democrats take control to $90,800 if Republicans maintain control, with crypto-friendly policies…

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