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We will witness the largest expiry in Deribit’s history tomorrow Dec. 25 ?

erni

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If thast is true:
A hint of what’s to come – as early as Friday – may also be found in the derivatives market.

“We will witness the largest expiry in Deribit’s history tomorrow [Dec. 25] as 86,000 option contracts will expire with a notional value of over $2 billion,” said Luuk Strijers, chief commercial officer at Deribit, the world’s largest bitcoin options exchange. About 35% of all options on the exchange will expire Friday, leading them to expect some volatility on Christmas Day.

Why is the Bitcoin up 5,81% tight now?

Because it does not hit the time zone where it already is the 25/12-2020 or what is wrong with this?