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Bitcoin and Ethereum Options Expiry Signals Market Sentiment Ahead of Fed Decision
Bitcoin Options – Around 29,500 Bitcoin options contracts are set to expire on Friday, September 12, with a notional value of approximately $3.4 billion. Analysts note that this week’s expiry is largely similar to last week’s, suggesting minimal impact on spot markets, which have reclaimed a total capitalization of $4 trillion.
Put/Call Ratio Signals Slight Bearishness
This week’s Bitcoin options batch shows a put/call ratio of 1.3, indicating more short contracts expiring than longs, reflecting a slight increase in bearish sentiment. Open interest (OI) is concentrated at the $140,000 strike price with $2.7 billion, while $120,000 holds around $1.8 billion in OI. Short sellers favor the $95,000 strike, with $1.9 billion in open interest.
Total Bitcoin futures OI has climbed back to $86.6 billion, approaching all-time highs, according to CoinGlass. Crypto derivatives provider Greeks Live highlighted that implied volatility remains relatively stable, despite the upcoming Federal Reserve interest rate decision, and that the market has largely priced in a 25-basis-point rate adjustment.
Ethereum and Combined Crypto Expiries
In addition to Bitcoin, approximately 190,000 Ethereum options contracts are expiring, with a notional value of $858 million and a put/call ratio of 1.0. Combined, Friday’s crypto options expiry totals roughly $4.25 billion.
Market Outlook: Bitcoin Leads Recovery
Crypto markets are showing signs of strength this Monday morning in Asia, with total capitalization rising to $4.11 trillion, the highest since August 23. Bitcoin reached a three-week high of $116,300 during Friday morning trading in Asia, retreating slightly to $115,500 at the time of reporting.
Ethereum (ETH) surged 3.2%, hitting a two-week high of $4,530, while altcoins like Solana, Dogecoin, and Chainlink continue to post solid gains, keeping the broader market in the green.
