# 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.

$2.5 Billion Bitcoin Bet Aims for $70,000 with Only 6 Days Left

Traders have long blamed the "options wall" for suppressing Bitcoin's price throughout July, but with two major weekly expirations now passed and BTC remaining stagnant around $64,000, that narrative has weakened. The core issue appears to be simply thin spot market demand. While a massive ~$2.5 billion bullish options bet targeting prices of $70,000-$72,000 expires on July 31st, market-implied odds of Bitcoin reaching even $70,000 by then are low (~14.5%). Recent data shows subdued leverage, mixed ETF flows, and forced long liquidations, indicating a lack of strong directional conviction. The upcoming expiry coincides with a narrow window for US crypto legislation and follows a key Fed meeting, adding uncertainty. With the weekly "max pain" expirations failing to move price, Bitcoin's range seems determined by the absence of significant spot buyers or sellers.

marsbitDün 11:30

$2.5 Billion Bitcoin Bet Aims for $70,000 with Only 6 Days Left

marsbitDün 11:30

Mysterious Whale Bets $2.5 Billion on BTC Surpassing $72,000 by August, $70,000 Mark Becomes Key

An anonymous trader executed a large bullish spread on Deribit, buying 20,000 Bitcoin call options with a $70,000 strike price and simultaneously selling 20,000 calls with a $72,000 strike. The trade, with a notional value of $2.5 billion, expires on July 31st—just two days after the upcoming Federal Reserve policy meeting. This structure positions for Bitcoin's price to rise above $70,000 by expiry, capping gains at $72,000. Bitcoin currently trades around $64,289, requiring a roughly 9% surge to reach the lower strike. The trade faces immediate obstacles, including key on-chain resistance near $69,000 and volatile inflows into U.S. spot Bitcoin ETFs, which have seen recent large daily outflows. Market predictions provide contrasting context, with some institutional analyses setting short-term support levels as low as $58,000-$59,000, while others maintain long-term bullish year-end targets. The outcome hinges on whether post-Fed demand can overcome these technical and ETF flow hurdles within the trade's brief 10-day window.

marsbit07/21 06:25

Mysterious Whale Bets $2.5 Billion on BTC Surpassing $72,000 by August, $70,000 Mark Becomes Key

marsbit07/21 06:25

Viewpoint: Why is Bitcoin Still Struggling to Break Above $60,000?

Bitcoin continues to struggle to decisively break above the $60,000 level, largely trading between $58,000 and $61,000. Three main pressures are identified for this consolidation. First, US spot Bitcoin ETFs experienced their worst month of net outflows in June, weakening institutional buying support. Second, the expiry of a massive batch of Bitcoin options around $100 billion on Deribit around June 26 created crowded trading and hedging activity near the $60,000 strike price, amplifying volatility. Third, a more hawkish Federal Reserve stance and resilient US economic data have tempered expectations for rapid interest rate cuts, strengthening the dollar and weighing on risk assets like Bitcoin. The current technical picture suggests a tug-of-war within a range. Key resistance is seen at $62,000; a sustained move above this level is needed to confirm a stronger recovery. On the downside, support lies around $58,000, with a break potentially opening the door to a test of the $55,000-$56,000 zone. For Bitcoin to sustainably reclaim $60,000 as support, a reversal in ETF fund flows, a more favorable macro environment, and a clear technical breakout above $62,000 are likely required. Until then, $60,000 remains a significant price barrier.

marsbit07/02 03:56

Viewpoint: Why is Bitcoin Still Struggling to Break Above $60,000?

marsbit07/02 03:56

"King of Pump Calls" Arthur Hayes Strikes Again, This Time Targeting Deribit

On June 29, BitMEX co-founder Arthur Hayes purchased approximately 6.16 million SYN tokens via OTC platform Flowdesk for around $2.2 million. Hayes subsequently declared on X that SYN represents one of the most asymmetric investments he has seen since HYPE, stating it's time for an options DEX to challenge the dominant platform Deribit, and identifying Hypercall as that challenger. SYN's price surged over 40% following his comments, with a tenfold increase in June 2026 alone, bringing its FDV to roughly $110 million. The article details Synapse Protocol's evolution from a cross-chain messaging and liquidity network into the chain-based options trading protocol Hypercall. Hypercall, built on the Hyperliquid ecosystem's HyperEVM, aims to be a universal options exchange supporting any asset size with capped loss (limited to premium paid) and no forced liquidations. Deribit, established in 2016, remains the centralized leader in crypto options with an estimated 85% market share in BTC and ETH options and $3.588 billion in assets. Its strengths include deep liquidity and professional tools, but it faces criticisms over custody risk, KYC requirements, and regulatory uncertainty. The analysis positions Hypercall not as an immediate replacement for Deribit's entrenched network effects, but as a potential complementary and differentiated competitor, particularly for DeFi-native assets and new asset classes like RWA. The article concludes by noting Hayes's recent mixed "call" record, including fully exiting and later re-buying HYPE, and the controversial price target for CARDS from his family office Maelstrom, which was followed by a significant price drop.

marsbit06/29 06:25

"King of Pump Calls" Arthur Hayes Strikes Again, This Time Targeting Deribit

marsbit06/29 06:25

"King of Shilling" Hayes Strikes Again, This Time Setting His Sights on Deribit

On June 29, BitMEX co-founder Arthur Hayes acquired approximately 6.16 million SYN tokens via OTC platform Flowdesk, valued at around $2.2 million. Subsequently, Hayes publicly endorsed SYN on X, calling it one of the most asymmetric investments he's seen since HYPE and declaring it time for an on-chain options DEX to challenge industry leader Deribit, naming Hypercall as that challenger. The article details the evolution of the Synapse Protocol, originally launched in 2021 as a cross-chain messaging and liquidity network. While its TVL peaked above $1 billion during the last bull market, it has since declined. The protocol's team has since built Hypercall, an on-chain options trading platform on Hyperliquid's HyperEVM, which supports trading options on "any asset" with features like 24/7 trading and defined risk limited to the premium paid. Deribit, founded in 2016, is highlighted as the dominant centralized crypto options exchange, commanding roughly 85% market share in BTC and ETH options. Its strengths include deep liquidity and professional tools, though it faces critiques over custody risk, KYC requirements, and regulatory uncertainty. The analysis suggests Hypercall's potential lies in decentralization, permissionless access, and transparency, potentially carving a niche in DeFi-native and emerging asset options. However, it faces significant challenges competing with Deribit's established network effect and liquidity depth. The piece concludes by noting Hayes's recent and mixed "call" history, referencing his previous promotion and subsequent sale of HYPE, as well as a controversial price target report for CARDS from his family office, Maelstrom, which was followed by a significant price drop for the asset. This activity has drawn criticism, with some accusing Hayes of creating exit liquidity for his followers.

Foresight News06/29 03:53

"King of Shilling" Hayes Strikes Again, This Time Setting His Sights on Deribit

Foresight News06/29 03:53

Bitcoin Options Traders Hedge For More Downside As Deribit Warns Of Market Weakness

Bitcoin options traders are adopting a defensive stance amid market weakness, according to a Deribit Insights analysis. Key indicators show active hedging against further downside, including net put buying and call selling in BTC options, alongside a negative volatility risk premium and bearish short-dated skew. The report warns that a failure of Bitcoin's current support near $60,000 could lead to a test of $50,000. Ethereum has also seen elevated risk, with realized volatility spiking and a critical support level at $1,520. A break below could target $1,200. While not guaranteeing further declines, the options market data reflects heightened near-term caution and risk management by traders as they monitor these key support levels.

bitcoinist06/12 18:50

Bitcoin Options Traders Hedge For More Downside As Deribit Warns Of Market Weakness

bitcoinist06/12 18:50

Bitcoin Bulls Face Growing Market Headwinds

Bitcoin briefly reclaimed $72,500, triggering $342 million in long liquidations. Analysts note mounting bearish pressure ahead of a $9 billion monthly options expiry, with put options significantly outnumbering calls. On-chain data reveals a worrying shift: large "whale" balances are stagnating or declining, while "dolphin" accumulation has slowed sharply—a pattern historically linked to sustained price weakness. The long-term holder supply has reached a record high, suggesting a lack of new buyers entering the market amid deteriorating macroeconomic and geopolitical conditions.

TheNewsCrypto05/29 12:47

Bitcoin Bulls Face Growing Market Headwinds

TheNewsCrypto05/29 12:47

IBIT Options Metrics Live on Glassnode

Glassnode has expanded its institutional-grade options analytics to include BlackRock's iShares Bitcoin Trust ETF (IBIT), the largest U.S. spot Bitcoin ETF. This development signifies Bitcoin's maturation within traditional finance, as options represent the final layer of a mature financial market, requiring deep liquidity and sophisticated risk management. IBIT options enable asset managers to hedge, traders to access Bitcoin-linked volatility, and analysts to gauge institutional positioning. A key insight is the divergence between IBIT and crypto-native venues like Deribit. For instance, as of May 5, IBIT's 1-month options skew showed a stronger preference for downside protection compared to Deribit's, indicating differing risk appetites between traditional and crypto-native participants. The new metrics suite provides over 40 data points, including open interest, volume, max pain, ATM implied volatility across tenors, and proprietary skew analytics like the IBIT Skew Index. These tools allow professionals to measure TradFi Bitcoin sentiment, compare institutional and crypto-native market views, monitor hedging pressure, and track volatility risk. IBIT options data is becoming a crucial signal for understanding Bitcoin's integration into global portfolios and institutional risk frameworks.

insights.glassnode05/14 11:38

IBIT Options Metrics Live on Glassnode

insights.glassnode05/14 11:38

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

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