{"id":22668,"date":"2025-04-18T08:01:59","date_gmt":"2025-04-18T08:01:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22668"},"modified":"2025-04-18T08:01:59","modified_gmt":"2025-04-18T08:01:59","slug":"how-will-2-2b-crypto-options-expiry-impact-markets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22668","title":{"rendered":"How Will $2.2B Crypto Options Expiry Impact Markets?"},"content":{"rendered":"
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Around 23,200 Bitcoin options contracts will expire on Friday, April 18, and they have a notional value of roughly $1.9 billion.<\/p>\n

This week\u2019s event is smaller than previous weeks<\/a>, but only marginally. Derivatives and spot crypto trading have been declining as volumes and volatility dried up, so the impact on spot markets is likely to be minimal.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s tranche of Bitcoin options contracts has a put\/call ratio of 0.92, meaning that the short and long contract sellers are pretty closely matched. There is also a max pain point of $82,000, which is where most losses will be made on expiry.<\/p>\n

Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at the $100,000 strike price, with around $1.4 billion, indicating a bullish shift in sentiment as derivatives speculators bet on higher prices.<\/p>\n

However, there is a fair amount of OI at the $75,000 strike price as the bears are maintaining their short positions, according<\/a> to Deribit.<\/p>\n

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Options Expiry Alert<\/p>\n

At 08:00 UTC tomorrow, over $2.25B in crypto options are set to expire on Deribit.$BTC<\/a>: $1.98B notional | Put\/Call: 0.92 | Max Pain: $82K$ETH<\/a>: $271M notional | Put\/Call: 0.88 | Max Pain: $1,600<\/p>\n

With vol crushed and skew flat, is the market setting\u2026 pic.twitter.com\/df4ha3BPdn<\/a><\/p>\n

\u2014 Deribit (@DeribitOfficial) April 17, 2025<\/a><\/p>\n<\/blockquote>\n