Around 31,000 Bitcoin options contracts will expire on Friday, July 3, with a notional value of roughly $1.9 billion. This event is much smaller than last week\u2019s big end-of-quarter expiry, so there is unlikely to be any impact on spot markets.<\/p>\n
Crypto markets have been flat for most of this week but picked up on Friday, with $70 billion entering the space since Monday as losses have slowed from last month\u2019s rout.<\/p>\n
This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.7, meaning that sellers of long (call) contracts slightly outweigh short (put) contract sellers. Max pain is around $61,000, which is close to current spot prices, so some will be in 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 $1.1 billion, but short sellers still have $900 million in OI at $60,000.<\/p>\n
Total BTC options OI across all exchanges has fallen to a 16-month low of $26 billion following last week\u2019s big expiry, according<\/a> to Coinglass.<\/p>\n \u201cShort-dated skew continues to account for the majority of downside premium embedded in BTC options pricing,\u201d said<\/a> derivatives provider Greeks Live this week.<\/p>\n \u201cOptions positioning remains primarily driven by near-term risk management rather than a broad repricing of longer-term expectations.\u201d<\/p>\n In addition to today\u2019s batch of Bitcoin options, around 134,000 Ethereum contracts are expiring, with a notional value of $228 million, a max pain of $1,650, and a put\/call ratio of 1.3.<\/p>\n Total ETH options OI across all exchanges is low at around $3.6 billion, its lowest level since January 2023. This brings the total notional value of crypto options expirations to around $1.8 billion.<\/p>\n Crypto markets are seeing a rare day of green gains across the board this Friday, raising total capitalization to $2.2 trillion.<\/p>\n Bitcoin led the pack, hitting an intraday high of $62,000 on Thursday on weaker-than-expected US jobs data, before falling back to trade at $61,500 on Friday morning in Asia.<\/p>\n Ether fared a little better, reclaiming $1,700 in a 6% daily gain and holding on to those gains over the past 12 hours.<\/p>\n The long weekend in the US means that market activity is likely to be subdued.<\/p>\n BREAKING: Bitcoin reclaims $62,000 as June jobs data came in weaker than expected, lowering odds of a Fed rate hike.<\/p>\n Over $69 billion has been added to the crypto market in the last 6 hours.<\/p>\n Bitcoin is up +3.5%, adding roughly $41 billion to its market cap.<\/p>\n Ethereum is up\u2026 pic.twitter.com\/8J21vi4q2W<\/a><\/p>\n \u2014 Bull Theory (@BullTheoryio) July 2, 2026<\/a><\/p>\n\n The post Will Markets React When $2 Billion Bitcoin Options Expire Today?\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 31,000 Bitcoin options contracts will expire on Friday, July 3, with a notional value of roughly $1.9 billion. This event is much smaller than last week\u2019s big end-of-quarter expiry, so there is unlikely to be any impact on spot markets. Crypto markets have been flat for most of this week but picked up on […]<\/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-191577","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/191577"}],"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=191577"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/191577\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=191577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=191577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=191577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Spot Market Outlook<\/h2>\n