Will Markets Continue to Fall When $15B Crypto Options Expire Today?
Around 103,500 Bitcoin options contracts will expire on Friday, July 25, and they have a notional value of roughly $12.6 billion.
This one is much larger than last week’s expiry, being an end-of-month event, but unlikely to be enough to influence spot markets, which have been on the back foot for most of the week.
“Last month’s H1 expiry hit $17 billion. This week is not far behind, with over $15 billion in BTC and ETH options expiring,” observed Deribit.
Bitcoin Options Expiry
This week’s big batch of Bitcoin options contracts has a put/call ratio of 0.88, meaning that there are more calls expiring than put contracts. There is also a max pain point of $112,000, around $4,000 below current spot prices, which…
