How Will Today’s $3.4B Bitcoin Options Expiry Impact Markets?

Around 29,500 Bitcoin options contracts will expire on Friday, September 12, and they have a notional value of roughly $3.4 ￰0￱ expiry event is pretty much identical to last week’s , so there is unlikely to be any impact on spot markets, which have reclaimed $4 trillion total capitalization ￰1￱ inflation data showed that the Consumer Price Index rose 2.9% in August from a year earlier, matching forecasts that prices and inflation would pick up ￰2￱ Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 1.3, meaning that there are more short contracts expiring than longs, as bearish speculation ￰3￱ interest (OI), or the value or number of BTC options contracts yet to expire, is highest at $140,000, which has reached $2.7 billion at this strike price on ￰4￱ is also around $1.8 billion OI at $120,000, but $95,000 is a popular strike price for short sellers with $1.9 billion in OI.

Additionally, total Bitcoin futures OI currently stands at $86.6 billion, which has climbed back toward all-time highs, according to CoinGlass. “Despite the imminent Federal Reserve interest rate decision next week, implied volatility in the options market remains relatively stable, even showing a slight decline,” observed crypto derivatives provider Greeks Live on Thursday. “The options market is pricing in relatively low future volatility, with a consensus that a 25-basis-point rate cut has already been factored in.” Despite the imminent Federal Reserve interest rate decision next week, implied volatility in the options market remains relatively stable, even showing a slight ￰5￱ options market is pricing in relatively low future volatility, with a consensus that a 25-basis-point rate… ￰6￱ — ￰7￱ (@GreeksLive) September 11, 2025 In addition to today’s batch of Bitcoin options, there are around 190,000 Ethereum contracts that are also expiring, with a notional value of $858 million, and a put/call ratio of ￰8￱ brings Friday’s combined crypto options expiry notional value to around $4.25 ￰9￱ Market Outlook Crypto market capitalization has ticked up this Monday morning in Asia, hitting $4.11 trillion, its highest level since August ￰10￱ is back in the driving seat, spiking to a three-week high of $116,300 during the Friday morning Asian trading session before retreating to $115,500 at the time of ￰11￱ is up 3.2% on the day, hitting a two-week high of $4,530 on Friday ￰12￱ has remained rangebound for the past month, holding steadily above $4,250 for most of the ￰13￱ momentum has continued today with solid gains for Solana, Dogecoin, Chainlink, and the rest generally in the green.