Around 30,500 Bitcoin options contracts will expire on Friday, September 5, and they have a notional value of roughly $3.4 billion.<\/p>\n
This expiry event is much smaller than last week\u2019s end-of-month event, so there is unlikely to be any impact on spot markets, which are in the red again.<\/p>\n
US jobs data<\/a> has not been positive this week, and the country now has more unemployed people than job openings. \u201cIn two weeks, the Fed will cut rates and \u2018blame\u2019 a collapsing labor market; a lot is about to change,\u201d commented<\/a> the Kobeissi Letter.<\/p>\n This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.38, meaning that there are more short contracts expiring than longs, as bullish momentum wanes. There is a max pain point of $112,000, a little higher than spot prices, 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 reached $2.5 billion at this strike price on Deribit<\/a>. There is also around $1.7 billion OI at $130,000, but $95,000 is a popular strike price for short sellers with $1.8 billion in OI.<\/p>\n Additionally, total Bitcoin futures OI currently stands at $79.5 billion, which has fallen from recent record highs, according<\/a> to CoinGlass.<\/p>\n Options Expiry Alert<\/p>\n At 08:00 UTC on Friday, over $4.5B in crypto options are set to expire on Deribit.$BTC<\/a>: $3.28B notional | Put\/Call: 1.38 | Max Pain: $112K \u2014 Deribit (@DeribitOfficial) September 4, 2025<\/a><\/p>\n\n \u201cThe market is currently in a pronounced downtrend, with BTC\u2019s short-term implied volatility (IV) surging to 40% and ETH\u2019s short-term IV climbing to 70%,\u201d reported<\/a> crypto derivatives provider Greeks Live on Thursday.<\/p>\n \u201cThe decline in crypto-related stocks in the U.S. market, particularly the MicroStrategy series, triggered this downturn. Historically, September has been a month of relatively weak capital flows, with liquidity typically improving in the final quarter.\u201d<\/p>\n In addition to today\u2019s batch of Bitcoin options, there are around 300,000 Ethereum contracts that are also expiring, with a notional value of $1.3 billion, a max pain of $4,400, and a put\/call ratio of 0.78. This brings Friday\u2019s combined crypto options expiry notional value to around $4.7 billion.<\/p>\n Markets are in the red this Friday morning in Asia<\/a> with a minor loss in total capitalization, which fell to $3.91 trillion.<\/p>\n Bitcoin saw heavy resistance at $112,000, tanked back to $109,500, then recovered to reach $111,300 on Friday morning. It has consolidated around these levels for almost two weeks.<\/p>\n Ether prices hit resistance above $4,400 and pulled back to $4,330 at the time of writing. ETH is also rangebound at current levels, though September threatens further losses<\/a>.<\/p>\n The altcoins were predominantly in the red as another week comes to a close.<\/p>\n The post Will Markets Fall Further When $4.7B Crypto Options Expire?\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 30,500 Bitcoin options contracts will expire on Friday, September 5, and they have a notional value of roughly $3.4 billion. This expiry event is much smaller than last week\u2019s end-of-month event, so there is unlikely to be any impact on spot markets, which are in the red again. US jobs data has not been […]<\/p>\n","protected":false},"author":0,"featured_media":93949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93948","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\/93948"}],"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=93948"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93949"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
\nOI tilted toward puts, with notable clustering around $105K\u2013110K strikes.$ETH<\/a>: $1.27B notional | Put\/Call:\u2026 pic.twitter.com\/MUYoXboFfn<\/a><\/p>\nCrypto Market Outlook<\/h2>\n