{"id":64347,"date":"2025-12-19T06:31:55","date_gmt":"2025-12-19T06:31:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=64347"},"modified":"2025-12-19T06:31:55","modified_gmt":"2025-12-19T06:31:55","slug":"how-will-markets-react-when-2-7b-bitcoin-options-expire-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=64347","title":{"rendered":"How Will Markets React When $2.7B Bitcoin Options Expire Today?"},"content":{"rendered":"<div>\n<p>Around 31,000 Bitcoin options contracts will expire on Friday, Dec. 19, and they have a notional value of roughly $2.7 billion.\u00a0This expiry event is smaller than average, so it will not impact spot markets, which have been sliding lower all week.<\/p>\n<p>Various factors have contributed to the continued sell-off, including another Chinese Bitcoin mining <a href=\"https:\/\/cryptopotato.com\/chinas-mining-crackdown-drives-bitcoin-hashrate-to-three-month-low\/\">crackdown<\/a>, delayed crypto market regulations in the United States, and fear over the Bank of Japan hiking rates.<\/p>\n<h2>Bitcoin Options Expiry<\/h2>\n<p>This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.8, meaning that there are slightly more calls expiring than puts (shorts). Max pain is around $88,000, according to Coinglass.<\/p>\n<p>Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, is highest at $100,000, which has $2.3 billion at this strike price on Deribit. There remains around $2.1 billion in OI at $85,000, which was hit this week.\u00a0Total BTC options OI across all exchanges is at $52.5 billion, <a href=\"https:\/\/www.coinglass.com\/options\">according<\/a> to Coinglass.<\/p>\n<blockquote>\n<p>\u201cBTC open interest is concentrated around $88K, with slightly heavier put positioning, pointing to a relatively contained expiry unless spot breaks range,\u201d noted Deribit.<\/p>\n<\/blockquote>\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;\"><\/p>\n<p>At 08:00 UTC tomorrow, around $3.18B in crypto options are set to expire on Deribit.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>: $2.72B notional | Put Call: 0.81 | Max Pain: $88K<\/p>\n<p>BTC open interest is concentrated around 88K, with slightly heavier put positioning, pointing to a relatively\u2026 <a href=\"https:\/\/t.co\/wW8ZYXYCsx\">pic.twitter.com\/wW8ZYXYCsx<\/a><\/p>\n<p>\u2014 Deribit (@DeribitOfficial) <a href=\"https:\/\/twitter.com\/DeribitOfficial\/status\/2001649184689066125?ref_src=twsrc%5Etfw\">December 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition to today\u2019s batch of Bitcoin options, around 155,000 Ethereum contracts are also expiring, with a notional value of $460 million, max pain at $3,100, and a put\/call ratio of 1.1. Total ETH options OI across all exchanges is around $11 billion and has been falling since late August.<\/p>\n<p>\u201cETH positioning is more distributed across strikes, with notable upside interest above $3.4K, keeping larger moves in play if volatility reaccelerates,\u201d said Deribit.<\/p>\n<p>This brings Friday\u2019s combined crypto options expiry notional value to around $3.2 billion.<\/p>\n<h2>Spot Market Outlook<\/h2>\n<p>Markets have fallen again, and total capitalization has dropped below $3 trillion to its lowest level since April.<\/p>\n<p>Bitcoin saw yet another seemingly manipulated\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">pump-and-dump after the CPI\u00a0<a href=\"https:\/\/cryptopotato.com\/lower-than-expected-us-cpi-sparks-instant-bitcoin-price-reaction\/\" target=\"_blank\">print<\/a>, as it fell<\/span>\u00a0to $84,500 before reclaiming $85,000 during the Friday morning Asian trading session. The asset looks structurally weak here, and further losses are expected.<\/p>\n<p>Ether prices also continued to weaken, falling below $2,800 briefly but holding on at this level for now.\u00a0The altcoins were in more pain with heavier losses for XRP, Solana, and Cardano, all losing more than 4% on the day.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/how-will-markets-react-when-2-7b-bitcoin-options-expire-today\/\">How Will Markets React When $2.7B 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 31,000 Bitcoin options contracts will expire on Friday, Dec. 19, and they have a notional value of roughly $2.7 billion.\u00a0This expiry event is smaller than average, so it will not impact spot markets, which have been sliding lower all week. Various factors have contributed to the continued sell-off, including another Chinese Bitcoin mining crackdown, [&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-64347","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\/64347","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=64347"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/64347\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}