{"id":20817,"date":"2025-04-04T04:53:56","date_gmt":"2025-04-04T04:53:56","guid":{"rendered":"https:\/\/cryptd.in\/en\/crypto-options-traders-turn-bearish-as-2-5b-expiry-event-looms\/"},"modified":"2025-04-04T04:53:56","modified_gmt":"2025-04-04T04:53:56","slug":"crypto-options-traders-turn-bearish-as-2-5b-expiry-event-looms","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nl\/crypto-options-traders-turn-bearish-as-2-5b-expiry-event-looms\/","title":{"rendered":"Crypto Options Traders Turn Bearish as $2.5B Expiry Event Looms"},"content":{"rendered":"

Around 26,000 Bitcoin options contracts will expire on Friday, April 4, and they have a notional value of roughly $2.1 billion.<\/p>\n

This week\u2019s event is more modest than average and much smaller than last week\u2019s massive end-of-month and end-of-quarter expiry event.<\/p>\n

The impact on spot markets is likely to be minimal as spot traders are still reeling<\/a> from the Trump administration\u2019s wide-sweeping global tariff announcement on Wednesday.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.27, meaning that there are more put (short) contracts expiring than calls (longs). There is also a max pain point of $85,000, which is where most losses will be made.<\/p>\n

Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, is falling at higher prices, with around $850 million at $90,000 and $100,000 strike prices, according<\/a> to Deribit.<\/p>\n

There is also more than $900 million in OI at the lower $80,000 strike price and over $700 million at $70,000 as derivatives traders lose confidence in higher prices and turn bearish on the longer time frames.<\/p>\n

\n

Options Expiry Alert!<\/p>\n

Last week\u2019s quarterly expiry brought the heat, this week\u2019s setup is quieter, but positioning still matters.<\/p>\n

At 08:00 UTC tomorrow, ~$2.5B in crypto options are set to expire.$BTC<\/a>: $2.16B notional | Put\/Call: 1.27 | Max Pain: $85K $ETH<\/a>: $371M\u2026 pic.twitter.com\/zPezzcVn1B<\/a><\/p>\n

\u2014 Deribit (@DeribitOfficial) April 3, 2025<\/a><\/p>\n<\/blockquote>\n

Crypto derivatives provider Greeks Live said the group was \u201cpredominantly bearish, expecting continued choppy price action\u201d in an options market update<\/a> this week.<\/p>\n

\n

\u201cTraders are positioning for more blood and four more years of chop with many selling calls, particularly at the $87k and $90k to $94k levels for April 4th expiry,\u201d it stated.<\/p>\n<\/blockquote>\n

Greeks noted the diminishing bullish sentiment, stating \u201cThere\u2019s skepticism about upward movement with one trader noting nobody is ready to \u2018bullieve\u2019 anymore.\u201d<\/p>\n

In addition to today\u2019s tranche of Bitcoin options, there are around 204,000 Ethereum contracts that are also expiring today, with a notional value of $372 million, a max pain point of $1,850, and a put\/call ratio of 1.32. This brings Friday\u2019s combined crypto options expiry notional value to around $2.5 billion.<\/p>\n

Crypto Market Outlook<\/h2>\n

Spot markets have continued to retreat this week with a 6.5% decline in total capitalization since this time last Friday, dropping it to $2.75 trillion at the time of writing.<\/p>\n

Bitcoin remains weakened<\/a>, having fallen below $81,500 in an intraday low before a minor recovery. It reclaimed $83,000 but fell below it again during Friday morning trading in Asia, suggesting that further downside pressure remains.<\/p>\n

Ethereum is at bear market lows, having dumped below $1,800 again and trading at levels last seen in October 2023.<\/p>\n

Meanwhile, altcoins across the board continue to weaken as market sentiment turns bearish.<\/p>\n

De post Crypto Options Traders Turn Bearish as $2.5B Expiry Event Looms<\/a> verscheen eerst op CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Around 26,000 Bitcoin options contracts will expire on Friday, April 4, and they have a notional value of roughly $2.1 billion. This week\u2019s event is more modest than average and much smaller than last week\u2019s massive end-of-month and end-of-quarter expiry event. The impact on spot markets is likely to be minimal as spot traders are […]<\/p>\n","protected":false},"author":1,"featured_media":20819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nCrypto Options Traders Turn Bearish as $2.5B Expiry Event Looms - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/nl\/crypto-options-traders-turn-bearish-as-2-5b-expiry-event-looms\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Options Traders Turn Bearish as $2.5B Expiry Event Looms - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Around 26,000 Bitcoin options contracts will expire on Friday, April 4, and they have a notional value of roughly $2.1 billion. 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