Around 40,000 Bitcoin options contracts will expire on Friday, August 15, and they have a notional value of roughly $4.8 billion.<\/p>\n
This expiry event is slightly larger than last week\u2019s<\/a>, but it is still unlikely to be enough to influence spot markets, which have notched all-time highs in terms of market capitalization this week.<\/p>\n This week\u2019s tranche of Bitcoin options contracts has a put\/call ratio of 0.90, meaning that there are almost as many long contracts expiring as shorts, and the bulls and bears are evenly matched.<\/p>\n Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at $140,000, which has surged to almost $3.2 billion at this strike price on Deribit<\/a>. There is also around $2.4 billion OI at $120,000 strike price as the bull speculators load up on contracts and dwindling OI for lower strike prices.<\/p>\n Additionally, total Bitcoin futures OI currently stands at $83.3 billion, which is near record highs, according<\/a> to CoinGlass.<\/p>\n Greeks Live, a crypto derivatives provider, said<\/a> this week that the group was predominantly bullish, \u201cwith strong momentum in both BTC and ETH, with traders actively selling puts and holding long positions that are deeply in profit.\u201d<\/p>\n \u201cKey sentiment revolves around continued put selling strategies and excitement about ETH\u2019s exceptional performance, though some concern exists about high volatility levels.\u201d<\/p>\n Greeks added that trading volume shows the market\u2019s enthusiasm for trading as Deribit traded $10.9 billion in options on Thursday, breaking the $10 billion mark for the first time in a single day.<\/p>\n As BTC hit a new all-time high and ETH neared its all-time high, the market experienced an unexpected correction, primarily triggered by an unexpectedly strong PPI reading. \u2014 Greeks.live (@GreeksLive) August 14, 2025<\/a><\/p>\n\n In addition to today\u2019s batch of Bitcoin options, there are around 287,000 Ethereum contracts that are also expiring, with a notional value of $1.3 billion, and a put\/call ratio of 1.0. This brings Friday\u2019s combined crypto options expiry notional value to around $6.1 billion.<\/p>\n Total market capitalization hit an all-time high<\/a> of $4.25 trillion this week, but it is still smaller than America\u2019s largest corporation, Nvidia, and just 18% of gold\u2019s total market cap of nearly $23 trillion.<\/p>\n However, markets had started to cool off by Friday, with total cap dropping 4% to $4.1 trillion at the time of writing.<\/p>\n Bitcoin led the losses, falling<\/a> 3.8% to below $118,000, but managed to regain a little composure during the Friday morning Asian session as it nudged back toward $119,000.<\/p>\n Ethereum also cooled from recent four-year highs, sliding below $4,500 on Thursday before recovering to trade at $4,630 on Friday morning. Altcoins were also dumping hard despite increased calls for altseason<\/a> \u2026 it\u2019s not here yet!<\/p>\n A recognized pattern of Asia buying and the United States selling has started to form this week.<\/p>\n The post Will Crypto Markets Surge Higher When $5B Bitcoin Options Expire<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 40,000 Bitcoin options contracts will expire on Friday, August 15, and they have a notional value of roughly $4.8 billion. This expiry event is slightly larger than last week\u2019s, but it is still unlikely to be enough to influence spot markets, which have notched all-time highs in terms of market capitalization this week. Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":88606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88605","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\/88605"}],"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=88605"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88606"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
\nThere were no major changes in the options market, with no significant changes in the main term IV and\u2026 pic.twitter.com\/sWWOp3KVXE<\/a><\/p>\nCrypto Market Outlook<\/h2>\n