Around 19,500 Bitcoin options contracts will expire on Friday, July 17, with a notional value of roughly $1.23 billion. This expiry is much smaller than usual events, so it is unlikely to have any impact on spot markets.<\/p>\n
Crypto markets have gained later in the week following cooler-than-expected US inflation data, but have lost those gains by Friday.<\/p>\n
This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.87, meaning that sellers of long (call) contracts and short (put) contracts are almost evenly matched. Max pain is around $62,500, which is lower than current spot prices, so some will 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 $70,000 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 ticked up a little to $30 billion, according to Coinglass.<\/p>\n
\u201cPuts continue to trade at a premium to calls across all major tenors, although the magnitude of that premium has become increasingly uniform,\u201d said<\/a> crypto derivatives provider Greeks Live this week.<\/p>\n This suggests that overall, the market is less panicked about an immediate crash than before, though people still pay a bit more for \u201cdrop protection\u201d than for \u201crise bets\u201d \u2014 just not as extremely as they did recently.<\/p>\n \u201cThe proportion of large-scale bullish trades continued to increase this week, primarily consisting of short-term bull spreads.\u201d<\/p>\n<\/blockquote>\n Meanwhile, Deribit said, \u201cThis floods the market with liquidity and volatility, creating prime conditions for trading short-dated options on Deribit.\u201d<\/p>\n At 08:00 UTC tomorrow, ~$1.45B in BTC and ETH options are set to expire on Deribit.$BTC<\/a> : ~$1.23B notional | P\/C: 0.86| Max Pain: $62.5K$ETH<\/a> : ~$218M notional | P\/C: 1.54| Max Pain: $1.75K<\/p>\n This floods the market with liquidity and volatility, creating prime conditions for\u2026 pic.twitter.com\/OlYg6LQsls<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) July 16, 2026<\/a><\/p>\n<\/blockquote>\n In addition to today\u2019s tiny batch of Bitcoin options, around 131,000 Ethereum contracts are expiring, with a notional value of $242 million, a max pain of $1,750, and a put\/call ratio of 1.5.<\/p>\n Total ETH options OI across all exchanges is low at around $4.8 billion. This brings the total notional value of crypto options expirations to around $1.4 billion, a very small event.<\/p>\n Crypto markets bounced to a mid-week high of $2.3 trillion, but those gains had started to erode by the end of the week.<\/p>\n Bitcoin has fallen around 2% from its intraday high of $64,800 to $63,300 during the Friday morning Asian trading session. It appears to be heading for the weekly resistance area, which is around $62,000.<\/p>\n Ether has also broken down from its six-week high<\/a> in an almost 4% decline to around $1,850 at the time of writing.<\/p>\n The post Will Crypto Markets Move When $1.2B Bitcoin Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 19,500 Bitcoin options contracts will expire on Friday, July 17, with a notional value of roughly $1.23 billion. This expiry is much smaller than usual events, so it is unlikely to have any impact on spot markets. Crypto markets have gained later in the week following cooler-than-expected US inflation data, but have lost those […]<\/p>\n","protected":false},"author":1,"featured_media":50071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-50069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
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Spot Market Outlook<\/h2>\n