Bitcoin & Ethereum Options Expiry: $1.9B BTC Contracts End Today

Today I see a big event where 26,700 Bitcoin options worth $1.9 billion expire. You should know this amount is smaller than last week so the price probably wont move a ton. I watch the markets closely and these things happen often. You need to pay attention to how these dates affect your own trades.

Bitcoin Options Expiry Details

Most of these contracts are calls because the ratio is 0.71. I see the max pain point at $69,000 which is lower than the current price. Many people will lose money on these bets today since the price is high. Look at Deribit where lots of bets sit at the $80,000 mark.

Total open interest across the world dropped to $34 billion lately. Traders are buying calls for the short term and I think they feel good. Greeks Live says the jump over $70k stops some of the scary feelings. It don’t guarantee a long run up though.

Ethereum Options Expiry

I noticed 151,500 Ethereum options worth $332 million expire right now. The max pain for your Ether holdings is $2,050 today.

Ethereum has about $6.6 billion in open interest on all the different exchanges. Experts like Darkfost believe the market is getting healthy again.

Market Sentiment and Outlook

The total market cap went over $2.5 trillion this morning in Asia. I saw Bitcoin hit $72,000 again after a 8.4% jump this week. Price stays stuck because there is a wall of sellers right above us.

Ethereum stays near $2,200 while your altcoins just sit there doing nothing.

About $2.2 billion in total options expire which shows us what people think. Most traders want the price to go up but the big economy is still tricky.

What to Watch Next

You should watch if Bitcoin breaks through its hard ceiling soon. I keep my eyes on these derivatives to find clues about where we go next. Check your charts often to see if Ethereum keeps these little wins.