Around 33,700 Bitcoin options contracts will expire on Friday, August 22, and they have a notional value of roughly $3.8 billion.<\/p>\n
This expiry event is smaller than last week\u2019s<\/a> and unlikely to influence spot markets, which have started to move higher after a mid-week correction.<\/p>\n All eyes are on the Federal Reserve Chair speaking at Jackson Hole<\/a> today, as a hawkish stance could induce more volatility, and markets are already starting to react.<\/p>\n This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.32, meaning that there are quite a few more short contracts expiring than longs, as short sellers increase following the correction. There is a max pain point of $118,000 where most losses will be made on expiry.<\/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 billion at this strike price on Deribit<\/a>. There is also around $2 billion OI at $120,000 and $130,000 strike prices as the bull speculators load up on contracts, but $110,000 is still a popular strike price for shorts with $1.7 billion in OI.<\/p>\n Additionally, total Bitcoin futures<\/a> OI currently stands at $81 billion, which has fallen from recent record highs, according<\/a> to CoinGlass.<\/p>\n Options Expiry Alert BTC expiry tilts put-heavy, while ETH call interest\u2026 pic.twitter.com\/AGuHa2Txxs<\/a><\/p>\n \u2014 Deribit (@DeribitOfficial) August 21, 2025<\/a><\/p>\n\n Crypto derivatives provider Greeks Live said<\/a> on Thursday, \u201cWith the Fed\u2019s Jackson Hole meeting approaching, opinions in the options market are divided.\u201d<\/p>\n \u201cShort-term implied volatility declined, indicating that institutional investors are not very optimistic that this meeting will bring about significant volatility.\u201d<\/p>\n In addition to today\u2019s tranche of Bitcoin options, there are around 220,000 Ethereum contracts that are also expiring, with a notional value of $947 million, a max pain of $4,250, and a put\/call ratio of 0.82. This brings Friday\u2019s combined crypto options expiry notional value to around $4.8 billion.<\/p>\n The market recovery was very short-lived, and the sell-off has resumed this Friday morning in Asia. Total capitalization is down 2% to $3.89 trillion, and the altcoins are leading losses.<\/p>\n Bitcoin has fallen back to support at $112,000, but again did not break below this key level and recovered back to $113,000 at the time of writing. However, sentiment has waned, and further losses look more likely than a big pump.<\/p>\n Ethereum<\/a> has mirrored its big brother, dropping 1.7% in a fall back to the $4,200 level, which is holding as support, for now.<\/p>\n The altcoins were in worse shape with heavier losses for Binance Coin, Solana, Chainlink, and Hyperliquid.<\/p>\n The post Will Markets Fall Further When $4.8B Crypto Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 33,700 Bitcoin options contracts will expire on Friday, August 22, and they have a notional value of roughly $3.8 billion. This expiry event is smaller than last week\u2019s and unlikely to influence spot markets, which have started to move higher after a mid-week correction. All eyes are on the Federal Reserve Chair speaking at […]<\/p>\n","protected":false},"author":0,"featured_media":90397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90396","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\/90396"}],"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=90396"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90397"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
\nAt 08:00 UTC tomorrow, over $4.8B in crypto options are set to expire on Deribit.$BTC<\/a>: $3.83B notional | Put\/Call: 1.31 | Max Pain: $118K$ETH<\/a>: $948M notional | Put\/Call: 0.82 | Max Pain: $4,250<\/p>\nCrypto Market Outlook<\/h2>\n