Will Crypto Markets Keep Surging When $4B Bitcoin Options Expire Today?
2025-07-11 05:16:54
Main Idea
A significant number of Bitcoin and Ethereum options contracts are set to expire, with Bitcoin reaching an all-time high and entering new price discovery, while Ethereum also shows strong performance.
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.
Description
Around 36,800 Bitcoin options contracts will expire on Friday, July 11, and they have a notional value of roughly $4 billion. This event is larger than last week’s expiry but unlikely to be enough to influence spot markets, which have performed better towards the end of the week. US President Trump’s tariff deadline came and went with tariffs imposed on countries that did not make a prior deal with Uncle Sam. As predicted , Bitcoin reached an all-time high and has moved into new price discovery....
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