The post What Bitcoin & Ethereum’s Options Expiry Means for Traders appeared on BitcoinEthereumNews.com.

Amid hype around the prevailing bullish wave in the crypto market, traders and investors must brace for volatility due to expiring options for Bitcoin (BTC) and Ethereum (ETH) contracts. Markets tend to stabilize shortly after the options expire, as traders adjust to the new trading environment. What Traders Should Expect from Today’s Expiring Options With crypto markets riding a bullish wave, a major options expiry could shake up the markets today, potentially influencing market behavior into the weekend. Specifically, over $5.76 billion in notional value is tied to Bitcoin and Ethereum contracts scheduled to expire this Friday. According to derivatives exchange Deribit, Bitcoin’s total open interest stands at 40,945 contracts, representing a notional value of $4.91 billion. The max pain point, which is the price at which most options expire worthless, is a staggering $114,000. This is significantly below current spot levels, with BTC trading at $120,259 as of this writing. With a put-to-call ratio of 0.78, traders appear to be leaning bullish, favoring call purchase options that would profit from price appreciation. Bitcoin Expiring Options. Source: Deribit In contrast, Ethereum’s options market is showing a more neutral tone. The open interest is 237,466 contracts. Meanwhile, the notional value is $851 million, and the put-to-call ratio is 1.01, signaling a nearly balanced sentiment between bearish and bullish bets. The max pain level is $2,950, significantly lower than ETH’s current market range. Expiring Ethereum Options. Source: Deribit Notably, this week’s expiring options are slightly more than last week’s contracts. As BeInCrypto reported, 36,970 BTC contracts with a notional value of $4.31 billion expired on July 11. In the same tone, 239,926 Ethereum contracts expired, with a notional value of $712 million. Cautious Optimism Ahead of Options Expiry Analysts at Greeks.live describe the broader sentiment as mixed. Some traders believe the top…

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Filed under: News - @ July 18, 2025 6:22 am