Around 58,000 Bitcoin options contracts will expire on Friday, Feb. 28, and they have a notional value of roughly $4.7 billion.<\/p>\n
This week\u2019s expiry event is larger than usual<\/a> because it is the end of the month. However, the impact on spot markets is likely to be minimal as they\u2019re already reeling<\/a> from US President Trump\u2019s trade war.<\/p>\n This week\u2019s big batch of Bitcoin options contracts has a put\/call ratio of 0.71, meaning that there are slightly more call (long) contracts expiring than puts (shorts).<\/p>\n Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, still remains highest at the $120,000 strike price, which is $1.5 billion, according<\/a> to Deribit.<\/p>\n There is also around $1 billion in OI at the $100,000 and $110,000 strike prices. Bearish sentiment is also seeping back as $800,000 in OI currently sits at the $80,000 strike price, which is where the asset stands now.<\/p>\n Crypto derivatives provider Greeks Live said the team was \u201cpredominantly bearish,\u201d with traders watching $82,000 as a \u201ccritical support level that must hold to maintain the high timeframe trend.\u201d However, that line has been broken to the downside as of press time.<\/p>\n \u201cThere\u2019s significant concern about continued downside, with many members discussing the rapid 17% decline over three days and debating whether recent selling is controlled or indicative of a broader market shift.\u201d<\/p>\n <\/a>Bitcoin OI by expiry. Source: Deribit<\/p>\n Technical analysis suggests if the price closes below the 2024 volume weighted average price (VWAP) bands, \u201cthe higher timeframe trend would be \u2018cooked\u2019 and could lead to $77,000 to $72,000 levels,\u201d warned Greeks.<\/p>\n Around 526,000 Ethereum contracts are also expiring today, with a notional value of $1.14 billion and a put\/call ratio of 0.52. This brings Friday\u2019s combined crypto options expiry notional value to around $5.8 billion.<\/p>\n This week\u2019s market rout has continued into Friday, with total capitalization dumping a further 6% on the day to $2.76 trillion. It has now fallen through longer-term support and could return to October levels.<\/p>\n Bitcoin dumped 5% in a fall to $80,200 during Asian trading on Friday morning. The asset has now lost 18% in a week, and its correction has deepened<\/a> to 25% from all-time highs. The last time BTC was below $80,000 was on Nov. 10.<\/p>\n Meanwhile, Ethereum has dumped<\/a> 8% to its lowest level for more than a year, hitting $2,150 on Friday morning as its weekly losses amount to a whopping 22%.<\/p>\n The altcoins were a sea of red with them all bleeding out by similar amounts at the time of writing.<\/p>\n The post Will Crypto Markets Tank Further When $4.7B Bitcoin Options Expire Today?\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 58,000 Bitcoin options contracts will expire on Friday, Feb. 28, and they have a notional value of roughly $4.7 billion. This week\u2019s expiry event is larger than usual because it is the end of the month. However, the impact on spot markets is likely to be minimal as they\u2019re already reeling from US President […]<\/p>\n","protected":false},"author":0,"featured_media":48461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48460","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\/48460"}],"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=48460"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/48461"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
Crypto Markets Tank<\/h2>\n
![<\/a>Bitcoin OI by expiry. Source: Deribit<\/p>\nTechnical analysis suggests if the price closes below the 2024 volume weighted average price (VWAP) bands, \u201cthe higher timeframe trend would be \u2018cooked\u2019 and could lead to $77,000 to $72,000 levels,\u201d warned Greeks.<\/p>\nAround 526,000 Ethereum contracts are also expiring today, with a notional value of $1.14 billion and a put\/call ratio of 0.52. This brings Friday\u2019s combined crypto options expiry notional value to around $5.8 billion.<\/p>\nCrypto Markets Tank<\/h2>\nThis week\u2019s market rout has continued into Friday, with total capitalization dumping a further 6% on the day to $2.76 trillion. It has now fallen through longer-term support and could return to October levels.<\/p>\nBitcoin dumped 5% in a fall to $80,200 during Asian trading on Friday morning. The asset has now lost 18% in a week, and its correction has deepened<\/a> to 25% from all-time highs. The last time BTC was below $80,000 was on Nov. 10.<\/p>\nMeanwhile, Ethereum has dumped<\/a> 8% to its lowest level for more than a year, hitting $2,150 on Friday morning as its weekly losses amount to a whopping 22%.<\/p>\nThe altcoins were a sea of red with them all bleeding out by similar amounts at the time of writing.<\/p>\nThe post Will Crypto Markets Tank Further When $4.7B Bitcoin Options Expire Today?\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Around 58,000 Bitcoin options contracts will expire on Friday, Feb. 28, and they have a notional value of roughly $4.7 billion. This week\u2019s expiry event is larger than usual because it is the end of the month. However, the impact on spot markets is likely to be minimal as they\u2019re already reeling from US President […]<\/p>\n","protected":false},"author":0,"featured_media":48461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48460","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\/48460"}],"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=48460"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/48461"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/bitcoinoi.jpg\"){kind=link}