{"id":30518,"date":"2025-06-06T05:02:18","date_gmt":"2025-06-06T05:02:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30518"},"modified":"2025-06-06T05:02:18","modified_gmt":"2025-06-06T05:02:18","slug":"will-3-8b-crypto-options-expiry-impact-market-momentum","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30518","title":{"rendered":"Will $3.8B Crypto Options Expiry Impact Market Momentum?"},"content":{"rendered":"
\n

Around 30,700 Bitcoin options contracts will expire on Friday, June 6, and they have a notional value of roughly $3.2 billion.<\/p>\n

This week\u2019s event is much smaller than last week\u2019s end-of-month<\/a> expiry, so the impact on spot markets is likely to be minimal. They have already tanked by $150 billion over the past twelve hours.<\/p>\n

Crypto Options Expiry<\/h2>\n

This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.76, meaning that there are slightly more long contracts expiring than shorts as sentiment cools. There is also a max pain point of $105,000, around $2,000 above current spot prices, which is where most losses will be made on contract expiry.<\/p>\n

Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at the $115,000 strike price, which has $1.7 billion, and there is an additional $1.6 billion in OI at the $140,000 strike price as bullish speculators remain confident, according to Deribit.<\/p>\n

\n

Options Expiry Alert<\/p>\n

At 08:00 UTC Friday, over $3.8B in crypto options are set to expire on Deribit.$BTC<\/a>: $3.21B notional | Put\/Call: 0.76 | Max Pain: $105K$ETH<\/a>: $624M notional | Put\/Call: 0.69 | Max Pain: $2,600<\/p>\n

Calls dominate up the curve. What do you expect to\u2026 pic.twitter.com\/qipjSBR43l<\/a><\/p>\n

\u2014 Deribit (@DeribitOfficial) June 5, 2025<\/a><\/p>\n<\/blockquote>\n