{"id":36612,"date":"2025-10-10T06:30:20","date_gmt":"2025-10-10T06:30:20","guid":{"rendered":"https:\/\/financialrush.com\/?p=36612"},"modified":"2025-10-10T06:30:20","modified_gmt":"2025-10-10T06:30:20","slug":"will-markets-fall-further-when-5-3b-crypto-options-expire","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36612","title":{"rendered":"Will Markets Fall Further When $5.3B Crypto Options Expire"},"content":{"rendered":"

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Around 39,000 Bitcoin options contracts will expire on Friday, October 10, and they have a notional value of roughly $4.3 billion.<\/p>\n

This expiry event is a little larger than last week\u2019s, but there is unlikely to be any impact on spot markets, which have been mostly sideways for the past few days.<\/p>\n

The US government remains in shutdown mode, and the greenback continues to weaken, but crypto markets have largely shrugged this off.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.1, meaning that there are slightly more short contracts expiring than longs, as the bulls regain composure. Max pain is around $117,000, according to Coinglass.<\/p>\n

Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, is highest at $140,000, which has reached $2.4 billion at this strike price on Deribit. There is also over $2 billion in OI at $120k, $125k, and $130k, but short sellers have targeted $110,000 as a popular strike price with $1.3 billion in OI.<\/p>\n

Total BTC options OI across all exchanges is around $60 billion, climbing back toward peak levels again, according to Coinglass.<\/p>\n

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Options Expiry Alert \"\ud83d\udea8\"
\nOver $5.3B in crypto options are set to expire tomorrow.$BTC<\/a>: $4.3B notional | Put\/Call: 1.12 | Max Pain: $117K$ETH<\/a>: $0.94B notional | Put\/Call: 0.9 | Max Pain: $4,400<\/p>\n

BTC traders are split between $110K puts and $120K calls, while ETH flows are more\u2026 pic.twitter.com\/IgzyHTtBEv<\/a><\/p>\n

\u2014 Deribit (@DeribitOfficial) October 9, 2025<\/a><\/p>\n<\/blockquote>\n

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\u201cIn the options market, implied volatility has lifted, skew turned neutral, and call-heavy flows dominate,\u201d reported Glassnode this week. \u201cMomentum remains strong, but bullish positioning is becoming increasingly crowded,\u201d it added.<\/p>\n<\/blockquote>\n

In addition to today\u2019s batch of Bitcoin options, around 217,000 Ethereum contracts are also expiring, with a notional value of $940 million, max pain at $4,400, and a put\/call ratio of 0.9.<\/p>\n

Total ETH options OI across all exchanges is around $16 billion. This brings Friday\u2019s combined crypto options expiry notional value to around $5.3 billion.<\/p>\n

Crypto Market Outlook<\/h2>\n

Crypto markets haven\u2019t moved much over the past 24 hours, with total capitalization remaining at $4.23 trillion.<\/p>\n

Bitcoin hit an intraday high of $123,500 but pulled back<\/a> again to trade around $121,000 during the Friday morning Asian session. The asset is 4% down from its all-time high and heading towards support at $120,000.<\/p>\n

Ether prices fell back below $4,300 briefly in late trading on Thursday but recovered<\/a> to around $4,350 at the time of writing. The altcoins were predominantly in the red this Friday morning.<\/p>\n

The post Will Markets Fall Further When $5.3B Crypto Options Expire<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n