Around 34,000 Bitcoin options contracts will expire on Friday, Feb. 6, with a notional value of roughly $2.1 billion. This event is much smaller than last week\u2019s end-of-month expiry.<\/p>\n
Crypto markets have collapsed <\/a>into bear market territory, losing around $686 billion since the start of the week, as sentiment plunges and both retail and institutional investors dump crypto assets.<\/p>\n This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.59, meaning that there are more expiring calls (longs) than puts (shorts). Max pain is around $82,000, according to Coinglass, which is well above current spot prices, so many 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 $100,000 and $70,000, which have $1.1 billion at these strike prices on Deribit.\u00a0Total BTC options OI across all exchanges has been in decline for a week and is at $32.5 billion.<\/p>\n \u201cBTC option flows suggesting downside plays not over,\u201d said<\/a> Deribit.<\/p>\n \u201cBitcoin\u2019s open interest is stacked through the $80K to $90K region, with elevated put activity showing traders leaned defensive into the move.\u201d<\/p>\n Options Expiry Alert <\/p>\n At 8:00 UTC tomorrow, over $2.5B in crypto options are set to expire.$BTC<\/a>: $2.15B notional | Put\/Call: 1.42 | Max Pain: $82K$ETH<\/a>: $408M notional | Put\/Call: 1.13 | Max Pain: $2.55K<\/p>\n Bitcoin\u2019s open interest is stacked through the $80K to $90K region,\u2026 pic.twitter.com\/WPCdYeS2aC<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) February 5, 2026<\/a><\/p>\n\n \u201cThe upcoming $60,000 range represents the consolidation zone prior to the Trump rally, where support remains relatively strong. Should a rapid dip occur in the short term, it may present a buying opportunity,\u201d said<\/a> crypto derivatives provider Greeks Live.<\/p>\n In addition to today\u2019s batch of Bitcoin options, around 217,000 Ethereum contracts are also expiring, with a notional value of $400 million, max pain at $2,550, and a put\/call ratio of 1.15. Total ETH options OI across all exchanges is around $7.1 billion.\u00a0This brings the total notional value of crypto options expiries to around $2.5 billion.<\/p>\n Crypto market capitalization has tanked to a 16-month low of $2.27 trillion as the digital asset exodus continued.<\/p>\n Bitcoin was smashed<\/a> by double digits, tanking below $60,000 in early trading in Asia on Friday. The asset has now lost 50% from its all-time high, dumping more than $60,000 in just four months.<\/p>\n Ether is back at bear market lows, falling below $1,800 briefly, and the altcoins have been destroyed in what appears to be the start of another long, drawn-out crypto winter.<\/p>\n The post Will Markets Crash Further When $2B Bitcoin Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 34,000 Bitcoin options contracts will expire on Friday, Feb. 6, with a notional value of roughly $2.1 billion. This event is much smaller than last week\u2019s end-of-month expiry. Crypto markets have collapsed into bear market territory, losing around $686 billion since the start of the week, as sentiment plunges and both retail and institutional […]<\/p>\n","protected":false},"author":0,"featured_media":132990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-132989","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\/132989"}],"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=132989"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/132989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/132990"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
Spot Market Outlook<\/h2>\n