$1.61 Billion Worth of Bitcoin and Ethereum Options Contracts Expire This Week

The number of expiring contracts has significantly increased compared to last week. Expiring options suggest optimism, with $964 million in contracts open

Bitcoin and Ethereum options contracts worth $1.61 billion are expiring this week, presenting a significant event in the crypto market.

As per data from Deribit, 18,271 Bitcoin options contracts are expiring today, with a put-to-call ratio of 0.90 and a maximum pain point at $62,000. Of the total, $1.10 billion is in Bitcoin options, while $510.08 million is in Ethereum options.

Meanwhile, 212,175 Ethereum contracts are expiring, displaying a put-to-call ratio of 0.40 and a maximum pain point of $2,450. Notably, the number of expiring contracts has increased substantially compared to last week.

Max Pain Point Theory

Interestingly, there is a crucial “max pain” point at $62,000—a price about $1,500 higher than Bitcoin's current level. This “max pain” point is the price where the majority of options are set to expire at a loss, potentially causing turbulence as traders adjust their positions.

At the time of writing, Bitcoin is trading at $60,664, while Ethereum is at $2,407, both below their respective maximum pain prices.

Expiring Options Suggest $964M Bet on a Bull Run

Despite the bearish sentiment following Bitcoin’s drop below $60,000, the expiring options indicate a generally optimistic outlook.

A significant $790 million remains open at the $70,000 strike price, while the $80,000 level has seen open interest (OI) slip to $723 million.

Even at the ambitious $100k mark, $964 million in contracts are still open, highlighting lingering optimism for a substantial move upward in Bitcoin’s value.

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