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$4 Billion Bitcoin Options Set to Expire This Week
Bitcoin options contracts worth around $4 billion are set to expire this Friday, July 11, marking a significant event in the crypto derivatives world. With approximately 36,800 Bitcoin options expiring, traders and investors are closely watching how this will impact the market, especially following Bitcoin’s recent all-time high above $117,000.
Options Expiry Details: Calls Slightly Outnumber Puts
This week’s Bitcoin options expiry features a put/call ratio of 0.94, indicating a slight dominance of call contracts over puts. The critical max pain point is estimated at $107,000, roughly $9,000 below the current spot price, where most options holders could face losses upon expiry.
Open interest is notably high at key strike prices:
- $120,000 strike with nearly $2 billion in open contracts
- $115,000 strike holds about $1.8 billion
- $140,000 strike accounts for roughly $1.7 billion
Bullish traders are clearly loading up on contracts as Bitcoin pushes into fresh price discovery territory.
Ethereum and Broader Crypto Expiries Also Loom Large
Adding to Friday’s market excitement, approximately 238,000 Ethereum options contracts with a notional value of $609 million will expire. Ethereum’s max pain price sits at $2,550, with a put/call ratio of 1.04. Combined, the crypto options expiry value nears $4.6 billion, underscoring substantial derivatives activity.
Crypto Market Rallies on Bitcoin Momentum
The broader crypto market surged 4% in 24 hours, boosting total capitalization to $3.7 trillion, the highest since January. Bitcoin’s breakout above $117,300 triggered fresh optimism, while Ethereum approached $3,000, hitting five-month highs.
Altcoins like Dogecoin, Cardano, Sui, and Hedera also saw impressive gains, fueling a widespread bullish sentiment.
Market Sentiment: Cautious Yet Optimistic
Despite heavy options expiry and volatile price action, market analysts note that many traders are holding positions amid mixed sentiment. The crypto space remains focused on external news like trade policies and crypto ETF developments, while price trends continue to evolve rapidly.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
