Bitcoin and Ether face volatility as $5.3B options expire

Another weekly options expiry may bring volatility for BTC and ETH. A total of $5.3B in notional value is expiring on Friday, higher than last week’s ￰0￱ and ETH options for a total of $5.3B in notional value are expiring on Friday. Deribit’s weekly event once again may bring volatility to the ￰1￱ Friday’s expiry led to lower selling pressures, allowing BTC to set a new price record above $126,000. Ahead of the expiry, however, the price of assets may fluctuate as traders push BTC and ETH to maximum pain ￰2￱ BTC, that level is at $117,000, while for ETH the maximum pain is at $4,400.

Those price levels may lead to shifts in BTC and ETH at the last moment until the expiry time. 🚨 Options Expiry Alert 🚨 Over $5.3B in crypto options are set to expire tomorrow. $BTC : $4.3B notional | Put/Call: 1.12 | Max Pain: $117K $ETH : $0.94B notional | Put/Call: 0.9 | Max Pain: $4,400 BTC traders are split between $110K puts and $120K calls, while ETH flows are more… ￰3￱ — Deribit (@DeribitOfficial) October 9, 2025 Ahead of the options expiry, BTC is once again at a crossroad, with options traders split in their predictions between $110,000 and $120,000. Deribit open interest has rebuilt again at over $36B in the month so far, potentially pointing to another large expiry event at the end of ￰4￱ interest has been accumulating faster in the past few weeks, as options trading gains more ￰5￱ addition to Deribit, IBIT activity is also rising, while the CME is expected to launch 24/7 crypto futures and options in ￰6￱ and Deribit show disparity in risk positions IBIT options have taken up market share from Deribit since the start of ￰7￱ options platform shows another story, once again indicating mainstream traders may be more bullish on ￰8￱ options markets are becoming more influential, showing a more bullish outlook on BTC compared to Deribit. |