Ah, the thrilling world of crypto, where numbers dance like sugarplums in the heads of greedy traders! 🕺💸 This Friday, a whopping $4.3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire, and the market is quivering like a jelly on a unicycle. 🪣🤡 Will it wobble? Will it topple? Only the wily wizards of finance know for sure!
According to the clever clogs at Deribit, Bitcoin’s options expiring today are worth a cool $3.5 billion, with a Put-to-Call Ratio (PCR) of 1.23. 🧮 That’s right, more puts than calls-a bearish growl in the crypto jungle! 🐻 The “maximum pain level” (oh, the drama!) is $114,000, and with Bitcoin currently prancing at $116,792, it might just take a tumble. 🪂
Ethereum, the plucky underdog, has $806.75 million in options expiring, with a PCR of 0.99-slightly bullish, like a kitten batting at a ball of yarn. 🐱 Its maximum pain point is $4,500, and since it’s trading at $4,527, it might just nip at that level before settling down. 🐾
This week’s expiries are a smidge higher than last week’s, with traders hedging their bets like squirrels hoarding acorns for winter. 🌰 Analysts chatter that the balance between calls and puts suggests traders are either clever or clueless-take your pick! 🤔
Options Expiry: A Cautionary Tale of Wiggles and Woes
After the Federal Reserve’s recent rate cut, implied volatility in crypto options shot up like a rocket, while actual volume fizzled like a damp squib. 🚀💨 Glassnode chirps that 95% of Bitcoin’s supply is in profit, but traders are as twitchy as a cat in a room full of rocking chairs. 😾
Post-Cut Patience
Bitcoin trades above 115.2k with 95% of supply in profit after the FOMC rally. Futures show short squeezes and options open interest hit a record 500k BTC ahead of the September 26 expiry. Holding above 115.2k is key while a drop risks a move back toward…
– glassnode (@glassnode) September 18, 2025
According to the “max pain theory” (which sounds like something a villain would concoct in a Dahl story), Bitcoin might drop to $114,000 and Ethereum to $4,500 as the options expire at 8:00 UTC on Deribit. ⏰ Markets usually steady themselves after the expiry, but expect some short-term shenanigans before the weekend. 🎢
And let’s not forget next week’s colossal $18 billion Bitcoin options expiry-today’s $4.3 billion event is just a warm-up act! 🎭 So, buckle up, crypto cowboys and cowgirls, because the ride is about to get bumpy! 🤠🌪️
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2025-09-19 14:46