{"id":60830,"date":"2025-11-28T07:16:40","date_gmt":"2025-11-28T07:16:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60830"},"modified":"2025-11-28T07:16:40","modified_gmt":"2025-11-28T07:16:40","slug":"how-will-markets-react-today-to-massive-13b-bitcoin-options-expiry-event","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60830","title":{"rendered":"How Will Markets React Today to Massive $13B Bitcoin Options Expiry Event?"},"content":{"rendered":"
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Around 147,000 Bitcoin options contracts will expire on Friday, Nov. 28, and they have a notional value of roughly $13.4 billion.<\/p>\n

This expiry event is larger than usual because it is the end of the month, so there may be some impact on spot markets, which have been mostly struggling to recover from this month\u2019s meltdown.<\/p>\n

US government economic data has started to flow again this week, with PPI inflation data coming<\/a> in higher than expected, which is bearish for crypto markets.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.58, meaning that there are significantly more long contracts expiring than shorts. Max pain is around $100,000, according<\/a> to Coinglass.<\/p>\n

Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, is highest at $100,000, which has $2.2 billion at this strike price on Deribit. There is also almost $2 billion in OI at $80k and $85k targeted by short sellers.<\/p>\n

Total BTC options OI across all exchanges is at $57 billion, according to Coinglass. Earlier this week, CryptoQuant reported<\/a> that the market \u201cjust witnessed the largest drop in Open Interest of the current cycle.\u201d<\/p>\n

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\u201cThis move does not signal the start of a bear market; rather, it reflects a major leverage washout (Long Squeeze).\u201d<\/p>\n

\u201cPositioning appears to have stabilized following recent volatility, with open interest now clustering around the $100K level, despite the fear,\u201d reported Deribit.\u00a0\u201cThis elevated call interest may indicate improving sentiment after the volatility we have seen.\u201d<\/p>\n<\/blockquote>\n

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\"\ud83d\udea8\" November Options Expiry Alert.<\/p>\n

Over $15.4B in BTC + ETH options expire tomorrow at 08:00 UTC on Deribit, closing out a month of dramatic volatility.$BTC<\/a>: Put\/Call: 0.58 (calls dominate) | Max Pain: $100K<\/p>\n

Positioning appears to have stabilized following recent volatility,\u2026 pic.twitter.com\/xloKXU8fWQ<\/a><\/p>\n

\u2014 Deribit (@DeribitOfficial) November 27, 2025<\/a><\/p>\n<\/blockquote>\n