{"id":77980,"date":"2026-03-27T05:48:14","date_gmt":"2026-03-27T05:48:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77980"},"modified":"2026-03-27T05:48:14","modified_gmt":"2026-03-27T05:48:14","slug":"how-will-huge-15b-end-of-quarter-crypto-options-expiry-move-markets-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77980","title":{"rendered":"How Will Huge $15B End-of-Quarter Crypto Options Expiry Move Markets Today?"},"content":{"rendered":"<div>\n<p>Around 195,400 Bitcoin options contracts will expire on Friday, Mar. 27, with a notional value of roughly $13.4 billion. This event is much larger than usual, being an end-of-month and end-of-quarter expiry, so there may be some volatility in spot markets.<\/p>\n<p>Crypto prices have been flat over the past week, with total capitalization returning to Monday\u2019s levels.<\/p>\n<h2>Bitcoin Options Expiry<\/h2>\n<p>This week\u2019s big batch of Bitcoin options contracts has a put\/call ratio of 0.61, meaning that there are many more longs than shorts expiring. Max pain is around $75,000, according to Coinglass, which is much higher than current spot prices, so many could be out of the money on expiry.<\/p>\n<p>Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $60,000 strike price on Deribit, with $1.6 billion in bearish bets. Total BTC options OI across all exchanges has been climbing this month, reaching $45 billion.<\/p>\n<p>\u201cThe overarching narrative for the $17B March 27 Quarterly Options Expiry at Deribit has been dictated by the headlines coming out of Washington and Tehran,\u201d said\u00a0 Deribit Chief Commercial Officer Jean-David Pequignot in a note shared with <em>CryptoPotato<\/em>.<\/p>\n<blockquote>\n<p>\u201cBitcoin\u2019s recent surge back toward $71k was catalysed by President Trump\u2019s decision to postpone strikes on Iranian power plants for five days. This diplomatic window expires almost perfectly in tandem with Friday\u2019s options expiry, exacerbating a localised volatility kink in the term structure.\u201d<\/p>\n<\/blockquote>\n<p>\u201cToday\u2019s block trade data on Deribit shows that \u2018smart money\u2019 is aggressively rolling positions,\u201d <a href=\"https:\/\/x.com\/GreeksLive\/status\/2037188312553935226\">commented<\/a> Greeks Live.<\/p>\n<blockquote>\n<p>\u201cMany institutions have closed out their positions expiring tomorrow and have heavily positioned themselves in out-of-the-money (OTM) call options for June and September.\u201d<\/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;\"> Quarterly Options Expiry Alert | 08:00 UTC Friday<br \/>\n$15.58B in crypto options are set to expire tomorrow on Deribit. The largest expiry in 2026 so far.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>: 195,398 contracts | $13.46B notional | Max pain: $75K | Put\/Call: 0.61<a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>: 1,026,462 contracts | $2.12B notional |\u2026 <a href=\"https:\/\/t.co\/Ap70thX9dI\">pic.twitter.com\/Ap70thX9dI<\/a><\/p>\n<p>\u2014 Deribit (@DeribitOfficial) <a href=\"https:\/\/twitter.com\/DeribitOfficial\/status\/2037195580322308201?ref_src=twsrc%5Etfw\">March 26, 2026<\/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 1 million Ethereum contracts are also expiring, with a notional value of $2.1 billion, max pain at $2,300, and a put\/call ratio of 0.57. Total ETH options OI across all exchanges is around $9 billion.<\/p>\n<p>This brings the total notional value of crypto options expiries to a whopping $15.5 billion in the largest expiry event since late December\u2019s epic $27 billion contract expiry.<\/p>\n<h2>Spot Market Outlook<\/h2>\n<p>Spot markets are ending the week in the red with a 3% decline to $2.44 trillion in market capitalization.\u00a0Bitcoin continues to weaken, <a href=\"https:\/\/cryptopotato.com\/bitcoin-loses-70k-support-ethereum-dumps-below-2-1k-market-watch\/\">falling<\/a> back towards $68,000 over the past day, with a minor recovery during Asian trading on Friday morning.<\/p>\n<p>Ether prices are in serious danger of dropping below $2,000 again over the weekend and were trading at $2,070 at the time of writing.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/how-will-huge-15b-end-of-quarter-crypto-options-expiry-move-markets-today\/\">How Will Huge $15B End-of-Quarter Crypto Options Expiry Move Markets Today?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Around 195,400 Bitcoin options contracts will expire on Friday, Mar. 27, with a notional value of roughly $13.4 billion. This event is much larger than usual, being an end-of-month and end-of-quarter expiry, so there may be some volatility in spot markets. Crypto prices have been flat over the past week, with total capitalization returning to [&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-77980","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\/77980","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=77980"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77980\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}