Why Friday Could Be the Best Day Ever for Bitcoin Dads

What to Know:

  • Over $14.6 billion of Bitcoin and ether options are set to expire on Friday, because why not?
  • Everyone’s clamoring for Bitcoin put options as they seem as essential as sunscreen on a beach day. On the flip side, ether options are like an open-door policy.
  • The options market has had quite the growth spurt since 2020. Max pain levels (which sounds frighteningly poetic) for bitcoin and ether are pinned at $116,000 and $3,800. These are the numbers traders apparently whisper into pillows at night.

BTCBTC$110,030.55◢1.70%

(Call me cynical, but I think Bitcoin pricing fluctuations have more in common with my daily mood than the stock market.)

Bitcoin and ether options are blowing past the $14.6 billion mark this Friday on Deribit, conjuring up one of 2025’s most significant derivative soirees. It’s like a Vegas event but with more complex math involved.

BTC put options are flying off the shelves. Sure, why not hedge against downside while you’re at it? As for ether, it’s basically wearing both its cowboy and spandex outfits at the same time.

With 56,452 BTC calls and 48,961 puts – totalling $11.62 billion in open interest, because why have one investment strategy when you can have two?

Put options are all cozying up between $108,000 and $112,000. And the call options? Oh, they’re strutting their stuff above $120,000 – because who doesn’t hope for a lucky break?

In the ether universe, 393,534 calls are set to settle, leaving puts at a mere 291,128. Guess who’s doing the hula-hoop on the playground? Calls! They’re being all the rage in the $3,800, $4,000, and $5,000 aisles.

“BTC expiry signals a never-ending quest for protection, while ETH just wants in on the fun. With Powell’s words at Jackson Hole, an electrifying September might be in store,” chirped Deribit on X, as if they’re the fortune tellers of modern crypto.

Options let you buy or sell an underlying asset in the future – think of it like planning a vacation that might never happen. Call options are the optimistic ones, happily anticipating a grand adventure, while put options just want to stay home with a blanket and a Walkman.

The options market has developed quite a bit since 2020. Now, monthly and quarterly settlements are major dates on traders’ social calendars, with promises of excitement and heartache.

By 2021, everyone started seriously pondering if prices flock to ‘max pain’ levels as if following their favorite influencer, though traders are still debating over it like whether pineapple belongs on pizza.

Lately, the max pain for bitcoin and ether has become a favored guessing game, hovering around $116,000 and $3,800. It’s as if these numbers are the magnets of the crypto universe.

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2025-08-26 09:52