About 81,700 Bitcoin options worth approximately $6.4 billion are scheduled to expire on Deribit on August 28 at 08:00 UTC. The cryptocurrency is trading between $78,000 and $80,000, with call concentrations at $75,000 and $80,000 that could influence dealer hedging behavior. With a put-to-call ratio of 0.83, calls outnumber puts, suggesting traders are positioned for potential upside. The outcome of Friday’s settlement could either pin Bitcoin near these strikes or accelerate a move through them, depending on dealer positioning.
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