\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tThe end of another week has arrived, which means more crypto options contracts are expiring as spot markets eye recovery.\u00a0\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Around 31,700 Bitcoin options contracts will expire on Friday, Mar. 6, with a notional value of roughly $2.2 billion. This event is much smaller than last week\u2019s, so there is unlikely to be any impact on spot markets.<\/p>\n
Crypto markets have seen a little daylight this week, with around $150 billion added to total market capitalization since Monday, but things were starting to cool off again by Friday.<\/p>\n
This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.7, meaning that there are more expiring shorts (puts) than longs (calls). Max pain is around $69,000, according to Coinglass, which is a little below current spot prices, so many could be out of the money on expiry.<\/p>\n
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $60,000 strike price on Deribit as bearish bets remain dominant. Total BTC options OI across all exchanges has been climbing this month and has reached $41.7 billion.<\/p>\n
Crypto derivatives provider Greeks Live observed the market rebound, noting that Bitcoin was firmly holding above the $70,000 psychological threshold and is \u201cnow poised to challenge $75,000.\u201d<\/p>\n
\n\u201cHowever, options market data indicate that selling call options has dominated trading over the past two days. Despite ongoing price gains, momentum has slowed.\u201d<\/p>\n<\/blockquote>\n
\nMarch 6 Options Expiration Data<\/p>\n
32,000 BTC options expired with a Put-Call Ratio of 1.69, maximum pain point at $69,000, and notional value of $2.3 billion.
184,000 ETH options expired with a Put-Call Ratio of 0.85, maximum pain point at $1,950, and notional value of $380\u2026 pic.twitter.com\/wIZP4KDhg2<\/a><\/p>\n\u2014 Greeks.live (@GreeksLive) March 5, 2026<\/a><\/p>\n<\/blockquote>\n
In addition to today\u2019s batch of Bitcoin options, around 184,000 Ethereum contracts are also expiring, with a notional value of $380 million, max pain at $1,950, and a put\/call ratio of 0.85. Total ETH options OI across all exchanges is around $7.5 billion.<\/p>\n
You may also like:<\/h3>\n
This brings the total notional value of crypto options expiries to around $2.6 billion.<\/p>\n
Spot Market Outlook<\/h2>\n
Total market cap is down 1.2% on the day to $2.49 trillion; however, it remains at the upper bounds of its month-long sideways channel.<\/p>\n
Bitcoin hit a four-week high of $74,000 on Thursday but was halted there and has pulled back to $70,300 at the time of writing. The asset has seen a strong<\/a> recovery since the war in Iran started last weekend.<\/p>\n
Ether prices stalled at $2,200 and had declined 2% on the day back to $2,065 during the Friday morning Asian trading session.\u00a0The altcoins were mostly flat on the day and have failed to move in tandem with the top two this week.<\/p>\n
\nSPECIAL OFFER (Exclusive)<\/span><\/center>
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n
<\/p><\/div>\n