Will Crypto Markets Survive the $4B Bitcoin Options Apocalypse? 🤔💰

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So, listen up, folks, because I’ve got a doozy for you. Around 36,800 Bitcoin options contracts, worth a cool $4 billion, are about to expire on Friday, July 11. It’s like the crypto version of the Mayan calendar, but with more zeros and less human sacrifice. 🕉️💰

Now, you might think this is a big deal, and it is, but it’s not as if the market is going to crumble like a stale bagel. Last week’s expiry was a walk in the park compared to this, but the spot markets are still standing, and they’re even looking a bit healthier. 🏋️‍♂️💪

And let’s not forget, US President Trump’s tariff deadline came and went, and the world didn’t end. Tariffs were imposed on countries that didn’t make a deal with Uncle Sam, but Bitcoin, being the rebel it is, hit an all-time high and is now exploring new price territories. 🚀✨

Bitcoin Options Expiry: The Sequel

This week’s batch of Bitcoin options contracts has a put/call ratio of 0.94, which means there are slightly more calls expiring than put contracts. The max pain point is set at $107,000, which is about $9,000 below the current spot price. So, if you’re holding these contracts, you might be feeling a bit of, well, pain. 😖

Open interest (OI) is highest at $120,000, with almost $2 billion at this strike price. There’s also $1.8 billion OI at $115,000 and $1.7 billion OI at $140,000, as bullish speculators load up on contracts like it’s Black Friday at the mall. 🛍️🛒

Options Expiry Alert

Over $4.6B in crypto options expire tomorrow at 08:00 UTC on Deribit. $BTC: $3.99B notional | Put/Call: 0.94 | Max Pain: $107K $ETH: $609M notional | Put/Call: 1.04 | Max Pain: $2,550

Bitcoin hit $112K overnight, but with long gamma at $110K, dealer…

— Deribit (@DeribitOfficial) July 10, 2025

In its weekly update, crypto derivatives provider Greeks Live said the group showed “limited market discussion with focus on Trump’s trade deals and Truth Social crypto ETF developments.” It added that there was “minimal consensus” on market direction, with most activity centered around news events rather than price analysis. 📰📊

“Option buyers are holding onto positions despite mounting theta decay—reluctant to exit, yet uneasy to remain,” reported Deribit.

However, these comments were before Bitcoin surged to a new all-time high above $117,000. Talk about a plot twist! 🤯

In addition to today’s batch of Bitcoin options, there are around 238,000 Ethereum contracts expiring, with a notional value of $609 million, a max pain point of $2,550, and a put/call ratio of 1.04. This brings Friday’s combined crypto options expiry notional value to around $4.6 billion. It’s like a crypto Black Friday, but with more suspense and less doorbuster deals. 🤑🛒

Crypto Market Outlook: The Final Chapter?

Crypto markets have surged 4% over the past 24 hours to reach $3.7 trillion total capitalization, the highest level since January. It’s like the market is on a sugar high, and we’re all just along for the ride. 🎢🎉

The move has been driven by Bitcoin, which surged to an all-time high of over $117,300 following a 5.5% daily gain during late trading on Thursday. The asset is now trading in new price discovery, having broken out of its two-month sideways channel. It’s like Bitcoin finally decided to stop being a wallflower and is now the life of the party. 🎶🎉

Ethereum has also broken out with a 6.5% daily surge to come just shy of $3,000. The asset was trading at a five-month high of $3,000 at the time of writing during the Friday morning Asian session. It’s like Ethereum is saying, “Hold my Ether, I’m about to make a move.” 🚀🔥

The altcoins were all in the green with larger gains for Dogecoin, Cardano, Sui, and Hedera. It’s a crypto party, and everyone’s invited! 🎉🎊

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2025-07-11 08:17