Bitcoin Options Expiry Puts Downward Pressure on the Market

Crypto traders are gearing up for the expiry of 21,000 Bitcoin options, anticipating potential price drops in BTC and ETH as the Bitcoin halving approaches.

Azcnews (1)

Bitcoin and Ethereum prices are showing signs of recovery despite still facing strong selling pressure, especially when options on both currencies worth nearly $2.5 billion expire today. Volatility is increasing as Bitcoin’s halving event approaches, as investors predict a slow growth in the current environment filled with macro difficulties and selling pressure from “individuals”.

Bitcoin and Ethereum options worth $2.5 billion are about to expire

Before and after the Bitcoin halving event, the cryptocurrency market has still not found an equilibrium point. Analysts point out that sell-off sentiment is dominating this market, especially in the week with hot CPI reports and declining activity in the derivatives market.

Image

Greekslive said that this month, short contracts have dominated and expectations for the halving event appear to be overblown. With the recent decline in ETF inflows and lack of renewed excitement in the market, investor sentiment appears to have become more negative. They suggest that selling in the medium term may be the more reasonable option, and that in the short term, investing may be worthwhile given the current sentiment surrounding Bitcoin’s halving event.

There are over 21,162 BTC options expiring, worth approximately $1.51 billion in notional value, with a put ratio of 0.62. The maximum pain point is at $69,000, suggesting that Bitcoin price is still under selling pressure at current prices. Implied volatility has dropped significantly across major futures, which signals instability in price movements that could drag BTC prices below $70,000.

Image

Meanwhile, the 227,785 expiring ETH options have a notional value of nearly $0.81 billion, a put option ratio of 0.49. The maximum pain point is at $3,425, below the current price of $3,535, which implies that traders may have an opportunity to trade at lower prices. Monitoring trading volume will be necessary to predict the next direction of ETH price.

Bitcoin future prospects

The outlook for BTC’s future is still a bright spot, although somewhat unstable. Currently, Bitcoin price is fluctuating around $70,888, with a slight increase of 0.50% over the past 24 hours. The trading range during this same period was from $69,571 to $71,256. Notably, trading volume has decreased by 22%, reflecting a certain indifference from investors.

The total value of Bitcoin futures contracts has seen a 2% increase in the past 4 hours, although it remains volatile over short periods of time. Meanwhile, the value of BTC futures contracts on CME decreased slightly by 1% in the most recent hour.

Related: Increasing Selling Pressure on Bitcoin at the $71,000 Level

Besides, Ethereum price is also under pressure, dropping 0.80%, reaching $3,539 in the most recent 24 hours. The lowest and highest prices during this period were $3,477 and $3,616. Ethereum trading volume also decreased by 16%, showing a lack of interest from investors.

The value of ETH futures contracts also decreased by 2% in the past day, but increased slightly by 1% in the past 4 hours, which shows the instability of the market before options contracts expire.

(2 votes)

3.0/5

(2 votes)
  1. Avatar of Suchilchakma
    Suchilchakma

    Hlw everyone🙏🙏

Comments are closed.

Latest

Whales Dump Xrp Can Ripple Still Aim For The $5 Breakout

News | Altcoin | Editor Choice

Whales Dump XRP: Can Ripple Still Aim for the $5 Breakout?

XRP faces a defining moment as whales unleash massive sell-offs, leaving investors anxious over whether the token will rocket to $5 or crash back down to $2.

Bnb Surges After Trump Pardons Cz, Traders Shout “up Only”

News | Altcoin | Editor Choice

BNB Surges After Trump Pardons CZ, Traders Shout “Up Only”

BNB’s price surged right after U.S. President Donald Trump pardoned Binance founder Changpeng Zhao, fueling a wave of excitement and speculation that the long-awaited “altcoin season” may be about to begin.

Satoshi Era Bitcoin Whale Awakens After 14 Years

News | Bitcoin | Editor Choice

Satoshi-Era Bitcoin Whale Awakens After 14 Years

A “Satoshi-era” Bitcoin whale has suddenly awakened after more than 14 years of silence, sparking a wave of speculation about the real motive behind its move of 150 BTC worth tens of millions of dollars.

Bunni Dex Shuts Down After $8.4 Million Hack

News | Altcoin | Editor Choice

Bunni DEX Shuts Down After $8.4 Million Hack

After suffering a devastating $8.4 million hack, decentralized exchange protocol Bunni DEX has officially announced its shutdown. This marks the second crypto project to fold in October, following Kadena Organization’s recent decision to halt operations amid mounting difficulties. The $8.4 Million Exploit: How It Happened The attack occurred on September 2, when a hacker exploited

The Crypto Etf Wave Hits, Over 200 Funds Set To Launch Soon

News | Editor Choice | Policy & Regulations

The Crypto ETF Wave Hits, Over 200 Funds Set to Launch Soon

Crypto ETF Explosion: The market is on the verge of a massive wave of investment products, with 155 ETF filings currently awaiting approval — spanning 35 digital assets from Bitcoin and Ethereum to even political meme coins.

Screenshot 2025 10 20 091338