{"id":98550,"date":"2026-06-05T06:04:44","date_gmt":"2026-06-05T06:04:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98550"},"modified":"2026-06-05T06:04:44","modified_gmt":"2026-06-05T06:04:44","slug":"will-markets-continue-to-fall-when-1-8b-crypto-options-expire-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98550","title":{"rendered":"Will Markets Continue to Fall When $1.8B Crypto Options Expire Today?"},"content":{"rendered":"
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Around 26,000 Bitcoin options contracts will expire on Friday, June 5, with a notional value of roughly $1.6 billion. This is smaller than last week\u2019s end-of-month event, so it is unlikely to impact spot markets.<\/p>\n

Crypto markets have been in sharp decline all week, with more than $300 billion leaving the space as Bitcoin continues to weaken and Ether and the altcoins get smashed.<\/p>\n

Military strikes between the US and Iran have continued, a deal still seems elusive, and global inflationary pressures are rising.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.56, meaning that sellers of long contracts far outweigh short contract sellers. Max pain is around $71,000, according to Coinglass, which is much higher than current spot prices, so most could be out of the money on expiry.<\/p>\n

Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $80,000 strike price on Deribit, with $1.6 billion, but short sellers still have $1.1 billion in OI at $60,000. Total BTC options OI across all exchanges has been declining recently, and is at $31.6 billion, according to Coinglass.<\/p>\n

BTC spot is trading around $8,000 below max pain after a brutal week that saw $1.5 billion in liquidations and a brief flush under $62,000 while its positioning skews heavily call-side, said Deribit.<\/p>\n

Meanwhile, crypto derivatives provider Greeks Live said<\/a>, \u201cWith the price breaking below $70K, bears have become more aggressive, with significant increases in put positions at $68K, $65K, and $60K.\u201d<\/p>\n

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\"\ud83d\udea8\" Options Expiry Alert \"\ud83d\udea8\"
\nAt 08:00 UTC tomorrow, ~$1.81B in crypto options are set to expire on Deribit.$BTC<\/a>: $1.56B notional | P\/C: 0.56 | Max Pain: $71K$ETH<\/a>: $252M notional | P\/C: 0.97 | Max Pain: $2K<\/p>\n

BTC spot is trading ~$8K below max pain after a brutal week that saw\u2026 pic.twitter.com\/qmXv8uhHFr<\/a><\/p>\n

\u2014 Deribit (@DeribitOfficial) June 4, 2026<\/a><\/p>\n<\/blockquote>\n