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\n\t\t\t\t\t\t\t\t\tFriday has rolled around again, and that means more Bitcoin and Ether options are expiring as spot markets hold on to recent gains.\u00a0\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Around 22,200 Bitcoin options contracts will expire on Friday, April 17, with a notional value of roughly $1.66 billion. This event is a little smaller than last week\u2019s expiry, so it is unlikely to have any impact on spot markets.<\/p>\n
Crypto prices have been climbing slowly this week, with around $150 billion being added to total capitalization since Monday.<\/p>\n
This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1, meaning that sellers of longs and shorts are evenly matched. Max pain is around $71,000, according to Coinglass, which is a little lower than current spot prices, so some 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 $80,000 strike price on Deribit, with $1.5 billion as bullish bets take over, but bears still have $1.4 billion in OI at $60,000.<\/p>\n
Total BTC options OI across all exchanges has been steadily climbing this month and is at $35.6 billion, according to Coinglass.<\/p>\n
\n\u201cPositioning has shifted from last week. BTC flipped from call-heavy to puts leading, while ETH OI grew week-on-week despite the broader market move,\u201d commented Deribit.<\/p>\n<\/blockquote>\n
\n\ud83d\udea8 Options Expiry Alert.
At 08:00 UTC tomorrow, ~$2.1B in crypto options are set to expire on Deribit.$BTC<\/a>: ~$1.63B notional | Put\/Call: 1.02 | Max Pain: $71K $ETH<\/a>: ~$444.7M notional | Put\/Call: 0.94 | Max Pain: $2,250<\/p>\nPositioning has shifted from last week. BTC flipped from\u2026 pic.twitter.com\/VMjM3W3XSV<\/a><\/p>\n
\u2014 Deribit (@DeribitOfficial) April 16, 2026<\/a><\/p>\n<\/blockquote>\n
As the price of Bitcoin continues to rebound, \u201cthe IV [implied volatility] of major-term options is actually decreasing, while Skew is clearly skewed positively,\u201d stated<\/a> crypto derivatives provider Greeks Live this week.<\/p>\n
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\n\u201cThe market has undergone a re-adjustment of its positional strategies, and the main participants have reached a consensus on the expected trends for the future \u2013 low volatility is becoming the prevailing trend in the market.\u201d<\/p>\n<\/blockquote>\n
In addition to today\u2019s batch of Bitcoin options, around 196,000 Ethereum contracts are also expiring, with a notional value of $460 million, max pain at $2,225, and a put\/call ratio of 0.91. Total ETH options OI across all exchanges is around $7.4 billion.<\/p>\n
Spot Market Outlook<\/h2>\n
Total market capitalization is currently at a ten-week high of $2.64 trillion, but it is hitting resistance here as it did in mid-March.\u00a0Bitcoin is hovering<\/a> around resistance at $75,000 and has failed to make any progress above this key price zone.<\/p>\n
Ethereum is ending the week in Asia around $2,345 after gaining 7% over the past seven days.\u00a0The altcoins are generally mixed this Friday morning, with larger gains for XRP, Solana, Dogecoin, Cardano, and MemeCore, which has exploded 32%.<\/p>\n
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