Around 27,300 Bitcoin options contracts will expire on Friday, July 4, and they have a notional value of roughly $3 billion.<\/p>\n
This event is much smaller than last week\u2019s<\/a> end of month and end of the second quarter, so there is unlikely to be any impact on spot markets.<\/p>\n They have ticked up towards the end of the week as economic data from the US was favourable.<\/p>\n This week\u2019s tranche of Bitcoin options contracts has a put\/call ratio of 1, meaning that the longs and the shorts are evenly matched. There is also a max pain point of $106,000, around $3,000 below current spot prices, which is where most losses will be made on contract expiry.<\/p>\n Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at the $115,000, $120,000, and $140,000 strike prices, with more than $1.5 billion at each level. However, OI at lower prices has decreased, suggesting more bullish sentiment among derivatives speculators.<\/p>\n \u201cWith macro quiet and volumes drifting lower, traders are gradually adding exposure\u201d to Bitcoin futures, Deribit noted<\/a> this week.<\/p>\n Options Expiry Alert<\/p>\n After last week\u2019s massive $17B expiry, tomorrow brings a quieter setup, but still sizable.$BTC<\/a>: $2.98B notional | Put\/Call: 1.01 | Max Pain: $106K BTC now trades above $109K, will it hold into expiry or snap back toward max pain?$ETH<\/a>: $584M notional\u2026 pic.twitter.com\/CvFl5Ngviq<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) July 3, 2025<\/a><\/p>\n\n In its weekly market update<\/a>, crypto derivatives provider Greeks Live said the group was showing \u201cstrong bearish sentiment with traders expressing frustration over stagnant market conditions and volatility remaining elevated.\u201d<\/p>\n It added that key levels being watched include $92,000 as a major target; however, this was published before Bitcoin\u2019s Thursday move above $109,500.<\/p>\n In addition to today\u2019s batch of Bitcoin options, there are around 220,000 Ethereum contracts that are also expiring, with a notional value of $584 million, a max pain point of $2,500, and a put\/call ratio of 1.28. This brings Friday\u2019s combined crypto options expiry notional value to around $3.6 billion.<\/p>\n Total market capitalization has lost 2% over the past 24 hours, climbing to $3.64 trillion at the time of writing. However, markets have traded tightly around this range for the past couple of months.<\/p>\n Bitcoin spiked<\/a> above $110,000 during late trading on Thursday but had fallen back to $109,500 during the Friday morning Asian trading session.<\/p>\n The asset is now at the upper bound of its range-bound channel and just 2% away from a new all-time high. \u201cBitcoin just needs to stay above $108,890 for the rest of the week to position itself for a bullish weekly close above the final major resistance,\u201d said<\/a> analyst Rekt Capital.<\/p>\n Ethereum<\/a> had reclaimed $2,600 on Thursday and was trading just below that level on Friday morning. ETH has also struggled to gain much momentum over the past two months.<\/p>\n The post Bitcoin Volatility Today: How Will Crypto Markets React When $3B BTC Options Expire<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 27,300 Bitcoin options contracts will expire on Friday, July 4, and they have a notional value of roughly $3 billion. This event is much smaller than last week\u2019s end of month and end of the second quarter, so there is unlikely to be any impact on spot markets. They have ticked up towards the […]<\/p>\n","protected":false},"author":0,"featured_media":78187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78186","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\/78186"}],"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=78186"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/78186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/78187"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
Crypto Market Outlook<\/h2>\n