The BTC options worth over $12 billion on Deribit are scheduled to settle this week, but may not trigger significant market reactions

According to CoinDesk, over 139000 BTC option contracts (worth approximately $12.13 billion) on Deribit will be settled this Friday, accounting for nearly 45% of the total active BTC contracts on all expiration dates. However, Deribit CEO Luuk Strijers stated that the overall market situation indicates that BTC option settlement upon expiration will not trigger a significant market reaction unless there is an external catalyst. Also due on Friday are $2.8 billion worth of Ethereum (ETH) options.