# Deribit İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Deribit" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Bitcoin braces for $14B Options expiry – Will BTC’s $75K ceiling crack?

Bitcoin is holding steady around $70,000 despite geopolitical tensions, but faces a major test with $14 billion in BTC options set to expire on March 27th. This event accounts for nearly 40% of Deribit’s total open interest. The put/call ratio of 0.62 and max pain price at $75,000 indicate bullish sentiment among traders, though the $75k level has repeatedly acted as a strong resistance. Market sentiment, as shown by the Fear and Greed Index, has dipped into fear territory, reflecting hesitation among buyers. The expiry may amplify volatility, and breaking above $75k remains challenging due to persistent selling pressure and lack of strong bullish momentum.

ambcrypto03/26 19:14

Bitcoin braces for $14B Options expiry – Will BTC’s $75K ceiling crack?

ambcrypto03/26 19:14

$18.6 Billion in BTC Options Expire Friday, Bulls Need a 6% Rally from $70,900 to Turn the Tide

This Friday marks the expiration of $18.6 billion in Bitcoin monthly options, with 92% of call options at risk of expiring worthless if Bitcoin remains below $71,000. Despite a bullish skew in open interest, most call options are concentrated at strike prices above $90,000, far from the current trading range of $67,700–$71,600. Analysts note that economic uncertainty, including redemption restrictions in the U.S. private credit market, may favor put holders. To shift the balance, Bitcoin bulls need a 6% rally to push the price above $75,000 before expiration. Current market dynamics and macroeconomic pressures suggest a challenging path for such a move.

marsbit03/26 06:38

$18.6 Billion in BTC Options Expire Friday, Bulls Need a 6% Rally from $70,900 to Turn the Tide

marsbit03/26 06:38

On the Eve of the Explosion of On-Chain Options

On-Chain Options on the Brink of Breakout The cryptocurrency options market is larger than most realize, with CME's crypto derivatives volume up 46% year-over-year. Institutional investors require defined-risk tools like options for hedging large positions. A pivotal shift occurred in mid-2025 when Bitcoin options open interest reached $65 billion, surpassing futures for the first time, indicating a move from pure leverage to risk-defined instruments. Growth is concentrated on Deribit (now backed by Coinbase after its acquisition) and traditional finance capital via IBIT options. While decentralized derivatives have grown from 2% to over 10% market share in two years, on-chain options remain nascent. @DeriveXYZ leads with over $700 million in notional options volume over 30 days. It has evolved from an AMM to a gas-free central limit order book on its own L2, featuring portfolio margin and cross-margin. @KyanExchange is approaching similarly with on-chain portfolio margining and partial liquidation mechanics. Structured products and asset managers urgently need options for their defined risk/return profiles. Institutional demand is clear, with IBIT options OI surpassing the gold ETF GLD and CME handling $3 trillion in crypto derivatives notional volume in 2025. Regulatory clarity is improving. A joint statement from the SEC and CFTC in 2025 allows regulated exchanges to trade spot crypto assets, and the CLARITY Act has passed the House. This improved environment, alongside CME's planned 24/7 crypto options launch, suggests the timing is finally ripe for on-chain options to flourish.

marsbit03/12 10:29

On the Eve of the Explosion of On-Chain Options

marsbit03/12 10:29

Introducing: Taker-Flow-Based Gamma Exposure

This article introduces a Taker-Flow-Based Gamma Exposure (GEX) model specifically designed for crypto options markets. Unlike traditional equity markets, crypto options have different participant behaviors and data availability, making classic GEX heuristics inaccurate. The new methodology leverages the unique transparency of crypto exchanges, where the taker of each trade is identifiable, to reconstruct actual dealer positioning by mirroring cumulative taker flows. This flow-based approach provides a realistic, net view of dealer gamma exposure across strikes and maturities. The resulting GEX metric helps identify price zones where dealer hedging flows are likely to stabilize (positive gamma) or destabilize (negative gamma) the market, offering traders a map to anticipate volatility regimes and potential pinning effects. The model is available for major cryptocurrencies on Deribit.

insights.glassnode12/18 17:16

Introducing: Taker-Flow-Based Gamma Exposure

Introducing a flow-based approach to Gamma Exposure (GEX) tailored for crypto options markets. Unlike traditional equity markets, crypto options exhibit distinct participant behavior and trade motivations, making conventional GEX heuristics unreliable. By leveraging taker-level trade data from venues like Deribit, this methodology reconstructs dealer positioning by mirroring cumulative taker flows—strike by strike and maturity by maturity—rather than relying on static assumptions. The resulting GEX metric identifies zones where dealer hedging flows may either stabilize prices (positive gamma, causing "pinning") or amplify volatility (negative gamma, creating "slippery" zones). This framework provides a dynamic, realistic view of market structure, helping traders anticipate volatility regimes and key price levels in assets like BTC, ETH, and SOL.

insights.glassnode12/18 17:13

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