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Bitcoin Volatility Today: How Will Crypto Markets React When $3B BTC Options Expire

2025-07-04 05:13:11

Bitcoin Volatility Today: How Will Crypto Markets React When $3B BTC Options Expire

Main Idea

Around 27,300 Bitcoin options contracts with a notional value of $3 billion and 220,000 Ethereum contracts worth $584 million are set to expire on July 4, with key market levels and recent price movements highlighted.

Key Points

1. 27,300 Bitcoin options contracts expiring on July 4 have a notional value of roughly $3 billion.

2. 220,000 Ethereum contracts expiring the same day are worth $584 million, with a max pain point of $2,500 and a put/call ratio of 1.28.

3. Combined crypto options expiry notional value is around $3.6 billion.

4. Bitcoin spiked above $110,000 but fell back to $109,500, just 2% away from a new all-time high.

5. Analyst Rekt Capital noted Bitcoin needs to stay above $108,890 to overcome final major resistance.

6. Ethereum reclaimed $2,600 on Thursday but was trading just below that level.

Description

Around 27,300 Bitcoin options contracts will expire on Friday, July 4, and they have a notional value of roughly $3 billion. This event is much smaller than last week’s end of month and end of the second quarter, so there is unlikely to be any impact on spot markets. They have ticked up towards the end of the week as economic data from the US was favourable. Bitcoin Options Expiry This week’s tranche of Bitcoin options contracts has a put/call ratio of 1, meaning that the longs and the shorts ar...

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