{"id":28220,"date":"2025-05-23T05:31:51","date_gmt":"2025-05-23T05:31:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28220"},"modified":"2025-05-23T05:31:51","modified_gmt":"2025-05-23T05:31:51","slug":"will-2-8b-bitcoin-options-expiry-keep-markets-moving","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28220","title":{"rendered":"Will $2.8B Bitcoin Options Expiry Keep Markets Moving?\u00a0"},"content":{"rendered":"
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Around 25,400 Bitcoin options contracts will expire on Friday, May 23, and they have a notional value of roughly $2.8 billion.<\/p>\n

This week\u2019s event is pretty much identical to last week\u2019s<\/a>, as derivatives crypto trading has stabilized. Spot markets have seen solid growth with Bitcoin notching a new peak on Thursday above $111,000<\/a> for the first time.<\/p>\n

Crypto Options Expiry<\/h2>\n

This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.2, meaning that there are more short contracts expiring than longs, who are betting on higher prices. There is also a max pain point of $103,000, around $8,000 below current spot prices, which is where most losses will be made on expiry.<\/p>\n

Moreover, this is more than $1 billion in open interest (OI), or the value or number of BTC options contracts yet to expire, at higher strike prices between $110,000 and $130,000 as speculators bet on another new all-time high.<\/p>\n

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Options Expiry Alert<\/p>\n

BTC hit $111,944. Now ~$3.3B in notional BTC and ETH is set to expire Tomorrow on Deribit.$BTC<\/a>: Notional: $2.76B | Put\/Call: 1.20 | Max Pain: $103K$ETH<\/a>: Notional:$526M | Put\/Call: 1.23 | Max Pain: $2,400<\/p>\n

Strike activity?
\nBTC traders are eyeing\u2026 pic.twitter.com\/XXLgZJrXZ8<\/a><\/p>\n

\u2014 Deribit (@DeribitOfficial) May 22, 2025<\/a><\/p>\n<\/blockquote>\n