Around 35,000 Bitcoin options contracts will expire on Friday, June 12, with a notional value of roughly $2.23 billion. This is slightly larger than last week\u2019s, but is still unlikely to impact spot markets.<\/p>\n
Crypto markets have continued to decline all week, with around $50 billion leaving the space, but those declines have slowed.<\/p>\n
Military strikes between the US and Iran have continued, and a deal seems a distant hope. A high inflation print and the SpaceX IPO liquidity drain have also added to macroeconomic headwinds for crypto assets.<\/p>\n
This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.66, meaning that sellers of long contracts far outweigh short contract sellers. Max pain is around $67,000, according to Coinglass, which is much higher than current spot prices, so most will be at a loss 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 $1.3 billion in OI at $60,000. Total BTC options OI across all exchanges has been declining recently, and is at $33.4 billion, according to Coinglass.<\/p>\n
Bitcoin is holding above its 200-week moving average at $62,000, but institutions are \u201cselling into the bounce,\u201d said Deribit this week.<\/p>\n
\u201cDespite recent volatility, positioning remains skewed toward calls across both assets.\u201d<\/p>\n
BTC options positioning has \u201cconsolidated around a narrow set of strikes,\u201d said<\/a> crypto derivatives provider Greeks Live.<\/p>\n \u201cThe largest short dealer exposure anchored is at $60K. Collectively, downside exposure is heavily concentrated within the $60K to $62K range.\u201d<\/p>\n Options Expiry Alert <\/p>\n At 08:00 UTC tomorrow, ~$2.51B in crypto options are set to expire on Deribit.$BTC<\/a>: $2.23B notional | P\/C: 0.68 | Max Pain: $66K$ETH<\/a>: $291M notional | P\/C: 0.62 | Max Pain: $1.75K<\/p>\n Despite recent volatility, positioning remains skewed toward calls\u2026 pic.twitter.com\/F5jdgUpxDw<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) June 11, 2026<\/a><\/p>\n\n In addition to today\u2019s batch of Bitcoin options, around 175,000 Ethereum contracts are also expiring, with a notional value of $293 million, max pain at $1,750, and a put\/call ratio of 0.58. Total ETH options OI across all exchanges is around $5.6 billion.<\/p>\n This brings the total crypto options expiry notional value to around $2.5 billion, which is a relatively small expiry event.<\/p>\n Total capitalization has ticked up marginally on Friday, but it remains at multi-month lows around $2.25 trillion.\u00a0Bitcoin added 2% on the day to trade around $63,500 at the time of writing, but selling pressure still overwhelms<\/a> any potential buyers.<\/p>\n Ether prices have been flat around the $1,650 level, and there does not seem to be any catalysts for a breakout yet.\u00a0Some of the better-performing altcoins include Hyperliquid and Monero. The latter has jumped 16% on the day, but most of them remain at multi-year lows<\/a>.<\/p>\n The post How Will $2.2B Bitcoin Options Expiring Impact Spot Markets Today?\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 35,000 Bitcoin options contracts will expire on Friday, June 12, with a notional value of roughly $2.23 billion. This is slightly larger than last week\u2019s, but is still unlikely to impact spot markets. Crypto markets have continued to decline all week, with around $50 billion leaving the space, but those declines have slowed. Military […]<\/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-179241","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/179241"}],"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=179241"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/179241\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=179241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=179241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=179241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Spot Market Outlook<\/h2>\n