Bitcoin $6.44B Options Expire After Jackson Hole Fed Speech
Deribit expiry, BTC price path from $81,327 to $77,414, CME rate-hike odds shift, and $3.04B ETF inflows reported from named sources.
Bitcoin options contracts with a notional value of $6.44 billion expired on Deribit, one of the largest such events this year. The contracts settled near $79,700.
Bitcoin traded as high as $81,327 overnight before falling to $77,414 after the Jackson Hole speech, according to LSEG and Reuters data.
CME FedWatch showed the probability of a September rate hike rising to 55.7 percent from 35.4 percent the prior day. U.S. spot Bitcoin ETFs recorded $3.04 billion in net inflows over the nine sessions through August 27, per Farside Investors.
The exact cash impact of the options settlement and the precise timing link between the speech and the price move are not stated in the available data.