The post Over $16 Billion in October Options Expiry Tests BTC and ETH appeared on BitcoinEthereumNews.com.

More than $16 billion in Bitcoin and Ethereum options are set to expire on October 31, 2025, at 8:00 UTC on Deribit. This marks one of the largest monthly crypto derivatives events of the year. This expiry surpasses last week’s $6 billion event due to the monthly rollover of October contracts. Traders and investors should closely watch max pain levels and positioning, both of which could impact short-term price action. Sponsored Bitcoin Options Face Fragile Market Structure Bitcoin trades at $109,287 as of this writing. During this expiry, 124,171 contracts worth $13.59 billion will close. The max pain price sits at $114,000, which is the level where most option holders lose value. Historically, Bitcoin’s price tends to move toward the max pain zone as expiry nears, a result of market makers hedging their positions. The put-to-call ratio is 0.70, indicating a mild bullish bias among traders. Nevertheless, Deribit data shows a total of 124,171 Bitcoin options open interest. The call open interest of 73,001 contracts exceeds put open interest at 51,171, resulting in a put/call ratio of 0.70 across all expirations. Expiring Bitcoin Options. Source: Deribit Greeks.live analysts identify the market as “fragile and bidless” after recent liquidations. Key levels are, $112,000 and the CME gap from $110,000 to $111,000. Sponsored Resistance appears at $116,000 to $118,000. If support gives way, traders are watching $106,000, signalling a 3% correction from the current price. Open interest has dropped from above 100,000 contracts to around 70,000 in a month, showing less trader participation. https://t.co/n0OcjSGEsP Community Daily Digest #daily=====Published: 2025-10-28 Overall Market Sentiment=====The group shows a predominantly bearish sentiment with traders expecting downside despite current market resilience. Key levels being watched include 112k support,… — Greeks.live (@GreeksLive) October 28, 2025 This decrease suggests profit-taking or lower conviction at current prices. Falling open interest alongside…

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Filed under: News - @ October 31, 2025 6:28 am