{"id":42313,"date":"2025-08-15T05:16:42","date_gmt":"2025-08-15T05:16:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42313"},"modified":"2025-08-15T05:16:42","modified_gmt":"2025-08-15T05:16:42","slug":"will-crypto-markets-surge-higher-when-5b-bitcoin-options-expire","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42313","title":{"rendered":"Will Crypto Markets Surge Higher When $5B Bitcoin Options Expire"},"content":{"rendered":"
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Around 40,000 Bitcoin options contracts will expire on Friday, August 15, and they have a notional value of roughly $4.8 billion.<\/p>\n

This expiry event is slightly larger than last week\u2019s<\/a>, but it is still unlikely to be enough to influence spot markets, which have notched all-time highs in terms of market capitalization this week.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s tranche of Bitcoin options contracts has a put\/call ratio of 0.90, meaning that there are almost as many long contracts expiring as shorts, and the bulls and bears are evenly matched.<\/p>\n

Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at $140,000, which has surged to almost $3.2 billion at this strike price on Deribit<\/a>. There is also around $2.4 billion OI at $120,000 strike price as the bull speculators load up on contracts and dwindling OI for lower strike prices.<\/p>\n

Additionally, total Bitcoin futures OI currently stands at $83.3 billion, which is near record highs, according<\/a> to CoinGlass.<\/p>\n

Greeks Live, a crypto derivatives provider, said<\/a> this week that the group was predominantly bullish, \u201cwith strong momentum in both BTC and ETH, with traders actively selling puts and holding long positions that are deeply in profit.\u201d<\/p>\n

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\u201cKey sentiment revolves around continued put selling strategies and excitement about ETH\u2019s exceptional performance, though some concern exists about high volatility levels.\u201d<\/p>\n<\/blockquote>\n

Greeks added that trading volume shows the market\u2019s enthusiasm for trading as Deribit traded $10.9 billion in options on Thursday, breaking the $10 billion mark for the first time in a single day.<\/p>\n

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As BTC hit a new all-time high and ETH neared its all-time high, the market experienced an unexpected correction, primarily triggered by an unexpectedly strong PPI reading.
\nThere were no major changes in the options market, with no significant changes in the main term IV and\u2026 pic.twitter.com\/sWWOp3KVXE<\/a><\/p>\n

\u2014 Greeks.live (@GreeksLive) August 14, 2025<\/a><\/p>\n<\/blockquote>\n