Around 25,000 Bitcoin options contracts will expire on Friday, May 15, with a notional value of roughly $2 billion. This event is small, so it is unlikely to have any impact on spot markets.<\/p>\n
Crypto prices took a mid-week dip following the US inflation report, but have started to recover a little on Friday, with around $25 billion in total capitalization exiting since Monday.<\/p>\n
This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.55, meaning that there are almost twice as many sellers of longs as shorts. Max pain is around $80,000, according to Coinglass, which is a little lower than current spot prices, so some could 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 the $80,000 strike price on Deribit, with $1.68 billion, but bears still have $1.2 billion in OI at $60,000.\u00a0Total BTC options OI across all exchanges has been steadily climbing this month and is at $38 billion, according to Coinglass.<\/p>\n
\u201cCompared to last week, expiry size has grown materially while put\/call ratios moved even lower, showing traders continue rotating toward upside exposure,\u201d said Deribit.<\/p>\n
Options Expiry Alert.
\nAt 08:00 UTC tomorrow, over $2.63B in crypto options are set to expire on Deribit.<\/p>\n
bitcoin:native : $2.01B notional | Put\/Call: 0.55 | Max Pain: $80,000
\nethereum:native : $625M notional | Put\/Call: 0.39 | Max Pain: $2,300<\/p>\n
Compared to last week, expiry\u2026 pic.twitter.com\/r0cJwp1eRy<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) May 14, 2026<\/a><\/p>\n\n In addition to today\u2019s batch of Bitcoin options, around 274,500 Ethereum contracts are also expiring, with a notional value of $625 million, max pain at $2,300, and a put\/call ratio of 0.39. Total ETH options OI across all exchanges is around $7.3 billion.<\/p>\n Total capitalization is up 1.7% on the day at $2.77 trillion, and today could see some volatility as the US CLARITY Act advanced out of the Senate Banking Committee in a 15-9 bipartisan vote on Thursday.\u00a0The past six weeks have seen steady gains with markets increasing by 16%.<\/p>\n Bitcoin recovered from its Thursday dip<\/a> below $80,000 but failed to break resistance at $82,000, falling back below $81,000 again during the Friday morning Asian trading session.<\/p>\n There has been little recovery for Ether, which failed to break above $2,300 and has fallen back again to $2,265 at the time of writing.\u00a0The altcoins are faring a little better with positive moves for XRP, Hyperliquid, Zcash, and Canton.<\/p>\n The post How Will Markets React When $2B Bitcoin Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 25,000 Bitcoin options contracts will expire on Friday, May 15, with a notional value of roughly $2 billion. This event is small, so it is unlikely to have any impact on spot markets. Crypto prices took a mid-week dip following the US inflation report, but have started to recover a little on Friday, with […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-165953","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/165953"}],"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=165953"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/165953\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=165953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=165953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=165953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Spot Market Outlook<\/h2>\n