{"id":127628,"date":"2026-07-31T06:35:17","date_gmt":"2026-07-31T06:35:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=127628"},"modified":"2026-07-31T06:35:17","modified_gmt":"2026-07-31T06:35:17","slug":"how-will-crypto-markets-react-to-todays-10-billion-bitcoin-options-expiry","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=127628","title":{"rendered":"How Will Crypto Markets React to Today\u2019s $10 Billion Bitcoin Options Expiry?"},"content":{"rendered":"
\n

Around 149,000 Bitcoin options contracts will expire on Friday, July 31, with a notional value of roughly $9.57 billion. This expiry is much larger than usual events, being the end of the month, so it may induce spot market volatility.<\/p>\n

Crypto markets have retreated slightly this week, with around $25 billion leaving the space following the Fed\u2019s decision to leave rates unchanged and the resumption of military action between the US and Iran.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s big batch of Bitcoin options contracts has a put\/call ratio of 0.28, meaning that there are way more (call) contracts expiring compared to short (put) contracts. Max pain is around $64,000, which is pretty close to current spot prices, so many will be in 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 $70,000 and $72,000 strike prices on Deribit, with $2.4 billion at each, but short sellers still have $1.3 billion in OI at $60,000. Total BTC options OI across all exchanges has risen over the past few weeks to $34.7 billion, according to Coinglass.<\/p>\n

\n

\u201cOverall, macro and risk asset signals remain cautious. BTC continues to face short-term pressure, with market stabilization and renewed capital inflows being key signals to watch,\u201d said<\/a> Deribit this week.<\/p>\n

\u201cThis creates massive liquidity and volatility, making it one of the best days to trade short-dated options,\u201d the exchange added.<\/p>\n<\/blockquote>\n

In addition to today\u2019s big batch of Bitcoin options, around 433,000 Ethereum contracts are expiring, with a notional value of $825 million, a max pain of $1,800, and a put\/call ratio of 0.59. Total ETH options OI across all exchanges is low at around $5.4 billion.<\/p>\n

This brings the total notional value of crypto options expirations to around $10.4 billion, a substantial event.<\/p>\n

Spot Market Outlook<\/h2>\n

Crypto markets ticked up a little on Friday morning, with total capitalization tapping $2.3 trillion again, but the week has been one of slow losses.<\/p>\n

Bitcoin topped $65,000 in an intraday high early on Friday morning but was immediately rejected there and retreated to $64,325 at the time of writing.<\/p>\n

\n

The asset remains in consolidation, where it has been for the past two months. \u201cBTC is at its lowest weekly volatility in two years,\u201d observed<\/a> analyst \u2018Daan\u2019.<\/p>\n<\/blockquote>\n

Ether prices have also squeezed into a very tight range over the past few days, hovering around $1,900.<\/p>\n

The post How Will Crypto Markets React to Today\u2019s $10 Billion Bitcoin Options Expiry?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Around 149,000 Bitcoin options contracts will expire on Friday, July 31, with a notional value of roughly $9.57 billion. This expiry is much larger than usual events, being the end of the month, so it may induce spot market volatility. Crypto markets have retreated slightly this week, with around $25 billion leaving the space following […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-127628","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/127628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127628"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/127628\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}