Will Crypto Markets Keep Surging When $4B Bitcoin Options Expire Today?

Key Points

1. Around 36,800 Bitcoin options contracts will expire on July 11, with a put/call ratio of 0.94 and a max pain point of $107,000.

2. Open interest for Bitcoin options is highest at $120,000, with nearly $2 billion at this strike price, followed by $1.8 billion at $115,000 and $1.7 billion at $140,000.

3. Approximately 238,000 Ethereum contracts are also expiring, with a notional value of $609 million, a max pain point of $2,550, and a put/call ratio of 1.04.

4. The combined notional value of expiring Bitcoin and Ethereum options is around $4.6 billion.

5. Crypto markets have surged 4% in the past 24 hours, reaching a total capitalization of $3.7 trillion, the highest since January.

6. Bitcoin hit an all-time high of over $117,300, while Ethereum rose 6.5% daily, nearing $3,000.