{"id":16621,"date":"2025-03-07T08:02:00","date_gmt":"2025-03-07T08:02:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16621"},"modified":"2025-03-07T08:02:00","modified_gmt":"2025-03-07T08:02:00","slug":"whats-next-for-markets-as-3-billion-in-crypto-options-expire-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16621","title":{"rendered":"What\u2019s Next for Markets as $3 Billion in Crypto Options Expire Today?"},"content":{"rendered":"
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Around 29,000 Bitcoin options contracts will expire on Friday, March. 7, and they have a notional value of roughly $2.5 billion.<\/p>\n

This week\u2019s event is much smaller than last week\u2019s<\/a> end-of-month expiry, but a mammoth end-of-quarter contract expiry is due on March 28.<\/p>\n

The impact on spot markets is likely to be minimal as all eyes are on the White House crypto summit<\/a>, also taking place today.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s tranche of Bitcoin options contracts has a put\/call ratio of 0.67, meaning that there are slightly more call (long) contracts expiring than puts (shorts).<\/p>\n

Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, remains high at the $120,000 strike price, which is $1.4 billion, according<\/a> to Deribit.<\/p>\n

There is also over $1 billion in OI at the $100,000 and $110,000 strike prices. Bearish sentiment is also seeping back as $750,000 in OI currently sits at the $80,000 and $70,000 strike prices.<\/p>\n

Crypto derivatives provider Greeks Live said<\/a> the group was still \u201cpredominantly bearish,\u201d adding that traders were \u201canticipating further downside while experiencing frustration with extreme chop and volatility.\u201d<\/p>\n

It added that most traders were watching the $87k to $89k range as key resistance, with $82k noted as a recent bottom, \u201cthough there is significant disagreement on whether a sustainable bottom has been found.\u201d<\/p>\n

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\u201cMarket experiencing extreme price swings with Bitcoin moving $6k in a day, creating what traders describe as \u2018scam both ways\u2019 price action.\u201d<\/p>\n<\/blockquote>\n

\"\"<\/a>
Bitcoin OI by expiry. Source: Deribit<\/figcaption><\/figure>\n

Around 223,000 Ethereum contracts are also expiring today, with a notional value of $482 million and a put\/call ratio of 0.71. This brings Friday\u2019s combined crypto options expiry notional value to around $3 billion.<\/p>\n

\n

\u201cTrump tariff announcements (and subsequent reversals) are contributing to market confusion, with many traders sitting out due to unpredictable price action,\u201d Greeks concluded.<\/p>\n<\/blockquote>\n

Spot Market Tanks<\/h2>\n

Markets have been extremely volatile over the past 24 hours, with total capitalization dumping around $200 billion following Donald Trump\u2019s executive order<\/a> for a strategic Bitcoin Reserve.<\/p>\n

Bitcoin tanked almost 6%, falling from above $90,000 to $85,000 in less than an hour before it bounced off to $88,000. The response came as White House crypto czar David Sacks said the reserve<\/a> would be capitalized by BTC already seized by the US government.<\/p>\n

Retail took this to mean the US would not be buying any more BTC for its SBR and dumped the asset. However, the small print states that the Treasury and Commerce secretaries have been directed by Trump to find \u201cbudget neutral\u201d ways to acquire BTC.<\/p>\n

Nevertheless, crypto markets remain in the red this Friday morning.<\/p>\n

The post What\u2019s Next for Markets as $3 Billion in Crypto Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Around 29,000 Bitcoin options contracts will expire on Friday, March. 7, and they have a notional value of roughly $2.5 billion. This week\u2019s event is much smaller than last week\u2019s end-of-month expiry, but a mammoth end-of-quarter contract expiry is due on March 28. The impact on spot markets is likely to be minimal as all […]<\/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-16621","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\/16621","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=16621"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16621\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}