{"id":52083,"date":"2025-10-10T06:16:48","date_gmt":"2025-10-10T06:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52083"},"modified":"2025-10-10T06:16:48","modified_gmt":"2025-10-10T06:16:48","slug":"will-markets-fall-further-when-5-3b-crypto-options-expire","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52083","title":{"rendered":"Will Markets Fall Further When $5.3B Crypto Options Expire"},"content":{"rendered":"<div>\n<p>Around 39,000 Bitcoin options contracts will expire on Friday, October 10, and they have a notional value of roughly $4.3 billion.<\/p>\n<p>This expiry event is a little larger than last week\u2019s, but there is unlikely to be any impact on spot markets, which have been mostly sideways for the past few days.<\/p>\n<p>The US government remains in shutdown mode, and the greenback continues to weaken, but crypto markets have largely shrugged this off.<\/p>\n<h2>Bitcoin Options Expiry<\/h2>\n<p>This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.1, meaning that there are slightly more short contracts expiring than longs, as the bulls regain composure. Max pain is around $117,000, according to Coinglass.<\/p>\n<p>Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, is highest at $140,000, which has reached $2.4 billion at this strike price on Deribit. There is also over $2 billion in OI at $120k, $125k, and $130k, but short sellers have targeted $110,000 as a popular strike price with $1.3 billion in OI.<\/p>\n<p>Total BTC options OI across all exchanges is around $60 billion, climbing back toward peak levels again, according to Coinglass.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Options Expiry Alert <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><br \/>\nOver $5.3B in crypto options are set to expire tomorrow.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>: $4.3B notional | Put\/Call: 1.12 | Max Pain: $117K<a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>: $0.94B notional | Put\/Call: 0.9 | Max Pain: $4,400<\/p>\n<p>BTC traders are split between $110K puts and $120K calls, while ETH flows are more\u2026 <a href=\"https:\/\/t.co\/IgzyHTtBEv\">pic.twitter.com\/IgzyHTtBEv<\/a><\/p>\n<p>\u2014 Deribit (@DeribitOfficial) <a href=\"https:\/\/twitter.com\/DeribitOfficial\/status\/1976179963792408895?ref_src=twsrc%5Etfw\">October 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>\u201cIn the options market, implied volatility has lifted, skew turned neutral, and call-heavy flows dominate,\u201d reported Glassnode this week. \u201cMomentum remains strong, but bullish positioning is becoming increasingly crowded,\u201d it added.<\/p>\n<\/blockquote>\n<p>In addition to today\u2019s batch of Bitcoin options, around 217,000 Ethereum contracts are also expiring, with a notional value of $940 million, max pain at $4,400, and a put\/call ratio of 0.9.<\/p>\n<p>Total ETH options OI across all exchanges is around $16 billion. This brings Friday\u2019s combined crypto options expiry notional value to around $5.3 billion.<\/p>\n<h2>Crypto Market Outlook<\/h2>\n<p>Crypto markets haven\u2019t moved much over the past 24 hours, with total capitalization remaining at $4.23 trillion.<\/p>\n<p>Bitcoin hit an intraday high of $123,500 but <a href=\"https:\/\/cryptopotato.com\/bitcoin-drops-to-120k-as-open-interest-falls-signaling-trader-caution\/\">pulled back<\/a> again to trade around $121,000 during the Friday morning Asian session. The asset is 4% down from its all-time high and heading towards support at $120,000.<\/p>\n<p>Ether prices fell back below $4,300 briefly in late trading on Thursday but <a href=\"https:\/\/cryptopotato.com\/ethereum-could-triple-to-13000-this-cycle-if-history-repeats-analysts-say\/\">recovered<\/a> to around $4,350 at the time of writing. The altcoins were predominantly in the red this Friday morning.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/will-markets-fall-further-when-5-3b-crypto-options-expire\/\">Will Markets Fall Further When $5.3B Crypto Options Expire<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Around 39,000 Bitcoin options contracts will expire on Friday, October 10, and they have a notional value of roughly $4.3 billion. This expiry event is a little larger than last week\u2019s, but there is unlikely to be any impact on spot markets, which have been mostly sideways for the past few days. The US government [&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-52083","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\/52083","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=52083"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52083\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}