Around 39,000 Bitcoin options contracts will expire on Friday, October 10, and they have a notional value of roughly $4.3 billion.<\/p>\n
This expiry event is a little larger than last week\u2019s, but there is unlikely to be any impact on spot markets, which have been mostly sideways for the past few days.<\/p>\n
The US government remains in shutdown mode, and the greenback continues to weaken, but crypto markets have largely shrugged this off.<\/p>\n
This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.1, meaning that there are slightly more short contracts expiring than longs, as the bulls regain composure. Max pain is around $117,000, according to Coinglass.<\/p>\n
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, is highest at $140,000, which has reached $2.4 billion at this strike price on Deribit. There is also over $2 billion in OI at $120k, $125k, and $130k, but short sellers have targeted $110,000 as a popular strike price with $1.3 billion in OI.<\/p>\n
Total BTC options OI across all exchanges is around $60 billion, climbing back toward peak levels again, according to Coinglass.<\/p>\n
Options Expiry Alert BTC traders are split between $110K puts and $120K calls, while ETH flows are more\u2026 pic.twitter.com\/IgzyHTtBEv<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) October 9, 2025<\/a><\/p>\n\n \u201cIn the options market, implied volatility has lifted, skew turned neutral, and call-heavy flows dominate,\u201d reported Glassnode this week. \u201cMomentum remains strong, but bullish positioning is becoming increasingly crowded,\u201d it added.<\/p>\n In addition to today\u2019s batch of Bitcoin options, around 217,000 Ethereum contracts are also expiring, with a notional value of $940 million, max pain at $4,400, and a put\/call ratio of 0.9.<\/p>\n Total ETH options OI across all exchanges is around $16 billion. This brings Friday\u2019s combined crypto options expiry notional value to around $5.3 billion.<\/p>\n Crypto markets haven\u2019t moved much over the past 24 hours, with total capitalization remaining at $4.23 trillion.<\/p>\n Bitcoin hit an intraday high of $123,500 but pulled back<\/a> again to trade around $121,000 during the Friday morning Asian session. The asset is 4% down from its all-time high and heading towards support at $120,000.<\/p>\n Ether prices fell back below $4,300 briefly in late trading on Thursday but recovered<\/a> to around $4,350 at the time of writing. The altcoins were predominantly in the red this Friday morning.<\/p>\n The post Will Markets Fall Further When $5.3B Crypto Options Expire<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 39,000 Bitcoin options contracts will expire on Friday, October 10, and they have a notional value of roughly $4.3 billion. This expiry event is a little larger than last week\u2019s, but there is unlikely to be any impact on spot markets, which have been mostly sideways for the past few days. The US government […]<\/p>\n","protected":false},"author":0,"featured_media":103615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-103614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/103614"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=103614"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/103614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/103615"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=103614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=103614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=103614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOver $5.3B in crypto options are set to expire tomorrow.$BTC<\/a>: $4.3B notional | Put\/Call: 1.12 | Max Pain: $117K$ETH<\/a>: $0.94B notional | Put\/Call: 0.9 | Max Pain: $4,400<\/p>\nCrypto Market Outlook<\/h2>\n