\u201cBTC heads into expiry well below its $72K max pain level,\u201d observed Deribit.<\/p>\n
\u201cWhile max pain remains a widely followed metric, recent quarterly expiries have shown limited evidence of a consistent pinning effect ahead of settlement.\u201d<\/p>\n<\/blockquote>\n
\u201cPuts continue to command a meaningful premium over calls across all major tenors,\u201d meldt<\/a> derivatives provider Greeks Live this week.<\/p>\n There is \u201cpersistent demand for near-term downside protection, while longer-dated options pricing remains comparatively anchored,\u201d it added.<\/p>\n At 08:00 UTC tomorrow, ~$10.8B in BTC and ETH options are set to expire on Deribit. The largest expiry event on Deribit in 2026 so far.<\/p>\n bitcoin:native : ~$9.3B notional | P\/C: 0.73 | Max Pain: $72K \u2014 Deribit (@DeribitOfficial) June 25, 2026<\/a><\/p>\n<\/blockquote>\n In addition to today\u2019s big batch of Bitcoin options, around 1 million Ethereum contracts are also expiring, with a notional value of $1.6 billion, max pain at $2,000, and a put\/call ratio of 0.54. Total ETH options OI across all exchanges is low at around $5.7 billion.<\/p>\n This brings the total crypto options expiry notional value to around $11 billion, which is one of the largest of the year.<\/p>\n Spot markets have tanked a further 3% on the day to their lowest levels since September 2024.<\/p>\n BTC lost 4%, dumping<\/a> to just over $58,000 during the Friday morning Asian session. It rebounded slightly toward $60,000 as of press time after that fresh low for this market cycle. Analysts warned<\/a> this week that a brutal wipeout at this zone was imminent.<\/p>\n Ether was briefly flipped by Tether in market cap, as it fell more than 5% to $1,522 on Friday morning, its lowest level since the April 2025 dip, and back to 2023 bear market levels. Meanwhile, the altcoins are a sea of red as the bloodbath continues.<\/p>\n De post Massive $11B End-of-Quarter Options Expiry Could Rattle Crypto Markets Today<\/a> verscheen eerst op CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 153,500 Bitcoin options contracts will expire on Friday, June 26, with a notional value of roughly $9.3 billion.\u00a0This event is much larger than usual, being the end of the month and end of quarter, so it may induce more volatility in the already battered spot markets. Crypto markets fell to an almost two-year low […]<\/p>\n","protected":false},"author":1,"featured_media":48191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-48189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
![\"\ud83d\udea8\"](\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6a8.png\")
Q2 Options Expiry Alert <\/p>\n
\nethereum:native : ~$1.6B notional | P\/C: 0.54 |\u2026 pic.twitter.com\/lFgWcR6kQc<\/a><\/p>\nSpot Market Outlook<\/h2>\n