{"id":36323,"date":"2025-07-11T05:17:17","date_gmt":"2025-07-11T05:17:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36323"},"modified":"2025-07-11T05:17:17","modified_gmt":"2025-07-11T05:17:17","slug":"will-crypto-markets-keep-surging-when-4b-bitcoin-options-expire-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36323","title":{"rendered":"Will Crypto Markets Keep Surging When $4B Bitcoin Options Expire Today?\u00a0"},"content":{"rendered":"<div>\n<p>Around 36,800 Bitcoin options contracts will expire on Friday, July 11, and they have a notional value of roughly $4 billion.<\/p>\n<p>This event is larger than <a href=\"https:\/\/cryptopotato.com\/bitcoin-volatility-today-how-will-crypto-markets-react-when-3b-btc-options-expire\/\" data-wpel-link=\"internal\">last week\u2019s<\/a> expiry but unlikely to be enough to influence spot markets, which have performed better towards the end of the week.<\/p>\n<p>US President Trump\u2019s tariff deadline came and went with tariffs imposed on countries that did not make a prior deal with Uncle Sam. As <a href=\"https:\/\/cryptopotato.com\/3-things-that-could-impact-crypto-markets-this-week-3\/\" data-wpel-link=\"internal\">predicted<\/a>, Bitcoin reached an all-time high and has moved into new price discovery.<\/p>\n<h2>Bitcoin Options Expiry<\/h2>\n<p>This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.94, meaning that there are slightly more calls expiring than put contracts. There is also a max pain point of $107,000, around $9,000 below current spot prices, which is where most losses will be made on contract expiry.<\/p>\n<p>Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at $120,000, with almost $2 billion at this strike price. There is also $1.8 billion OI at $115,000 and $1.7 billion OI at $140,000 as bullish speculators load up on contracts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Options Expiry Alert<\/p>\n<p>Over $4.6B in crypto options expire tomorrow at 08:00 UTC on Deribit.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a>: $3.99B notional | Put\/Call: 0.94 | Max Pain: $107K<a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a>: $609M notional | Put\/Call: 1.04 | Max Pain: $2,550<\/p>\n<p>Bitcoin hit $112K overnight, but with long gamma at $110K, dealer\u2026 <a href=\"https:\/\/t.co\/ZgZwsgwQRO\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ZgZwsgwQRO<\/a><\/p>\n<p>\u2014 Deribit (@DeribitOfficial) <a href=\"https:\/\/twitter.com\/DeribitOfficial\/status\/1943239421236572525?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 10, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In its weekly update, crypto derivatives provider Greeks Live <a href=\"https:\/\/x.com\/GreeksLive\/status\/1942927849037402479\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">said<\/a> the group showed \u201climited market discussion with focus on Trump\u2019s trade deals and Truth Social crypto ETF developments.\u201d<\/p>\n<p>It added that there was \u201cminimal consensus\u201d on market direction, with most activity centered around news events rather than price analysis.<\/p>\n<blockquote>\n<p>\u201cOption buyers are holding onto positions despite mounting theta decay\u2014reluctant to exit, yet uneasy to remain,\u201d <a href=\"https:\/\/x.com\/DeribitOfficial\/status\/1942921333303656582\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">reported<\/a> Deribit.<\/p>\n<\/blockquote>\n<p>However, these comments were before Bitcoin <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-tops-116000-massive-short-squueze-approaches-1-billion\/\" data-wpel-link=\"internal\">surged<\/a> to a new all-time high above $117,000.<\/p>\n<p>In addition to today\u2019s batch of Bitcoin options, there are around 238,000 Ethereum contracts that are also expiring, with a notional value of $609 million, a max pain point of $2,550, and a put\/call ratio of 1.04. This brings Friday\u2019s combined crypto options expiry notional value to around $4.6 billion.<\/p>\n<h2>Crypto Market Outlook<\/h2>\n<p>Crypto markets have surged 4% over the past 24 hours to reach $3.7 trillion total capitalization, the highest level since January.<\/p>\n<p>The move has been driven by Bitcoin, which surged to an all-time high of over $117,300 following a 5.5% daily gain during late trading on Thursday.\u00a0The asset is now trading in new price discovery, having broken out of its two-month sideways channel.<\/p>\n<p>Ethereum has also broken out with a 6.5% daily surge to come just shy of $3,000. The asset was trading at a five-month high of $3,000 at the time of writing during the Friday morning Asian session.<\/p>\n<p>The altcoins were all in the green with larger gains for Dogecoin, Cardano, Sui, and Hedera.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/will-crypto-markets-keep-surging-when-4b-bitcoin-options-expire-today\/\" rel=\"nofollow\">Will Crypto Markets Keep Surging When $4B Bitcoin Options Expire Today?\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Around 36,800 Bitcoin options contracts will expire on Friday, July 11, and they have a notional value of roughly $4 billion. This event is larger than last week\u2019s expiry but unlikely to be enough to influence spot markets, which have performed better towards the end of the week. US President Trump\u2019s tariff deadline came and [&hellip;]<\/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-36323","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\/36323","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=36323"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36323\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}