{"id":53346,"date":"2025-10-17T04:46:44","date_gmt":"2025-10-17T04:46:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=53346"},"modified":"2025-10-17T04:46:44","modified_gmt":"2025-10-17T04:46:44","slug":"will-markets-keep-falling-when-4-8b-bitcoin-options-expire-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=53346","title":{"rendered":"Will Markets Keep Falling When $4.8B Bitcoin Options Expire Today?"},"content":{"rendered":"<div>\n<p>Around 44,000 Bitcoin options contracts will expire on Friday, Oct. 17, and they have a notional value of roughly $4.8 billion.<\/p>\n<p>This expiry event is a little <a href=\"https:\/\/cryptopotato.com\/will-markets-fall-further-when-5-3b-crypto-options-expire\/\">larger<\/a> than last week\u2019s, but there is unlikely to be any impact on spot markets, which have been mostly in decline this week.<\/p>\n<p>The US government remains in shutdown, and trade tariff tensions still loom, but the longer-term backdrop of <a href=\"https:\/\/cryptopotato.com\/feds-dovish-stance-could-turbocharge-crypto-markets-in-q4\/\">ending<\/a> quantitative tightening and increasing liquidity through rate cuts remains bullish for crypto.<\/p>\n<h2>Bitcoin Options Expiry<\/h2>\n<p>This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.83, meaning that there are slightly more long contracts expiring than shorts, as the bears take control. Max pain is around $116,000, 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 $2.2 billion at this strike price on Deribit. There is also over $2 billion in OI at $125k and $120k, but short sellers have targeted $110k, $108k, and even $95k as popular strike prices with over $1.3 billion in OI at each level.\u00a0Total BTC options OI across all exchanges is around $61 billion, very close to an all-time high, according to Coinglass.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Skew across maturities has flipped deeper into negative territory as demand for downside protection rises.<\/p>\n<p>BTC options flow showing renewed appetite for puts over calls. <a href=\"https:\/\/t.co\/phT0TuY2bG\">pic.twitter.com\/phT0TuY2bG<\/a><\/p>\n<p>\u2014 Deribit (@DeribitOfficial) <a href=\"https:\/\/twitter.com\/DeribitOfficial\/status\/1978728184955666738?ref_src=twsrc%5Etfw\">October 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin options market data indicates that the share of bearish trades has risen markedly, <a href=\"https:\/\/x.com\/GreeksLive\/status\/1978662253076578347\">reported<\/a> crypto derivatives provider Greeks Live on Thursday.<\/p>\n<blockquote>\n<p>\u201cMore than $1.15\u202fbillion, or about 28\u202f% of total options volume, has flowed into shallow out\u2011of\u2011the\u2011money (OTM) puts expiring this week and this month, with the $10,400\u202fto\u202f$10,800 strike range being the most active.\u201d<\/p>\n<p>\u201cThe group is cautiously bearish with expectations of further downside, though some members see potential bounce opportunities near lower support levels,\u201d it <a href=\"https:\/\/x.com\/GreeksLive\/status\/1978769609261219929\">stated<\/a> in a separate post.<\/p>\n<\/blockquote>\n<p>In addition to today\u2019s batch of Bitcoin options, around 251,000 Ethereum contracts are also expiring, with a notional value of $985 million, max pain at $4,100, and a put\/call ratio of 0.81. Total ETH options OI across all exchanges is around $15.4 billion. This brings Friday\u2019s combined crypto options expiry notional value to around $5.7 billion.<\/p>\n<h2>Spot Market Outlook<\/h2>\n<p>Total market capitalization is ending the week in the red, declining 2.7% on the day to $3.77 trillion. Crypto markets are now down almost 14% since their peak on Oct. 7.<\/p>\n<p>Bitcoin led the losses, <a href=\"https:\/\/cryptopotato.com\/bitcoin-crashes-below-109k-as-trump-putin-meeting-triggers-600m-in-liquidations\/\">dumping<\/a> to support at $108,000 during late trading on Thursday, and there have been few signs of a recovery during the Friday morning Asian trading session.<\/p>\n<p>Ether also weakened, failing to hold above $4,000 and falling back to $3,900 at the time of writing. Meanwhile, the altcoins were a sea of red with larger losses for BNB, Solana, Dogecoin, Sui, and Avalanche.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/will-markets-keep-falling-when-4-8b-bitcoin-options-expire-today\/\">Will Markets Keep Falling When $4.8B Bitcoin Options Expire Today?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Around 44,000 Bitcoin options contracts will expire on Friday, Oct. 17, and they have a notional value of roughly $4.8 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 in decline this week. The US government remains in [&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-53346","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\/53346","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=53346"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53346\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}