Around 26,000 Bitcoin options contracts will expire on Friday, June 5, with a notional value of roughly $1.6 billion. This is smaller than last week\u2019s end-of-month event, so it is unlikely to impact spot markets.<\/p>\n
Crypto markets have been in sharp decline all week, with more than $300 billion leaving the space as Bitcoin continues to weaken and Ether and the altcoins get smashed.<\/p>\n
Military strikes between the US and Iran have continued, a deal still seems elusive, and global inflationary pressures are rising.<\/p>\n
This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.56, meaning that sellers of long contracts far outweigh short contract sellers. Max pain is around $71,000, according to Coinglass, which is much higher than current spot prices, so most 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 $1.6 billion, but short sellers still have $1.1 billion in OI at $60,000. Total BTC options OI across all exchanges has been declining recently, and is at $31.6 billion, according to Coinglass.<\/p>\n
BTC spot is trading around $8,000 below max pain after a brutal week that saw $1.5 billion in liquidations and a brief flush under $62,000 while its positioning skews heavily call-side, said Deribit.<\/p>\n
Meanwhile, crypto derivatives provider Greeks Live said<\/a>, \u201cWith the price breaking below $70K, bears have become more aggressive, with significant increases in put positions at $68K, $65K, and $60K.\u201d<\/p>\n Options Expiry Alert BTC spot is trading ~$8K below max pain after a brutal week that saw\u2026 pic.twitter.com\/qmXv8uhHFr<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) June 4, 2026<\/a><\/p>\n\n In addition to today\u2019s batch of Bitcoin options, around 153,500 Ethereum contracts are also expiring, with a notional value of $266 million, max pain at $2,000, and a put\/call ratio of 0.97. Total ETH options OI across all exchanges is around $5.7 billion.<\/p>\n This brings the total crypto options expiry notional value to around $1.85 billion, a relatively small event.<\/p>\n It has been the worst week for crypto markets since early February, with total capitalization tanking to a four-month low of $2.26 trillion.<\/p>\n Bitcoin bottomed<\/a> at $61,300 on Thursday and has not recovered much above this level on Friday morning. The asset remains down over 50% from its peak and is at the bottom of its range-bound channel, where key support lies.<\/p>\n Ether has been mauled, dropping to a 14-month low of $1,730, where it currently trades. Further losses are looking likely as we enter a red weekend for digital assets.<\/p>\n The post Will Markets Continue to Fall When $1.8B Crypto Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 26,000 Bitcoin options contracts will expire on Friday, June 5, with a notional value of roughly $1.6 billion. This is smaller than last week\u2019s end-of-month event, so it is unlikely to impact spot markets. Crypto markets have been in sharp decline all week, with more than $300 billion leaving the space as Bitcoin continues […]<\/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-175208","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/175208"}],"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=175208"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/175208\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAt 08:00 UTC tomorrow, ~$1.81B in crypto options are set to expire on Deribit.$BTC<\/a>: $1.56B notional | P\/C: 0.56 | Max Pain: $71K$ETH<\/a>: $252M notional | P\/C: 0.97 | Max Pain: $2K<\/p>\nSpot Market Outlook<\/h2>\n