Will Today’s $4.3B Crypto Options Expiry Impact Spot Markets?

Around 30,000 Bitcoin options contracts will expire on Friday, September 19, and they have a notional value of roughly $3.5 ￰0￱ expiry event is pretty close to last week’s , so there is unlikely to be any impact on spot markets, which have moved higher this ￰1￱ US Federal Reserve’s first rate reduction of the year was largely priced in by markets, which have taken a minor dip this Friday ￰2￱ Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 1.2, 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 $2.2 billion OI at $120,000, but $95,000 is a popular strike price for short sellers with $2 billion in OI.

Additionally, total Bitcoin futures OI currently stands at $86 billion, which has climbed back toward all-time highs, according to ￰5￱ options OI by expiration.) and Binance Coin (BNB) hitting all-time highs. Chainlink, Avalanche, and Sui are today’s top performers while the rest of the high-cap alts remain flat.