#options
Crypto Options Expiry: Will $4.7B Impact Markets? 📊💸
Today, ~30,500 Bitcoin options ($3.4B) and ~300,000 Ethereum options ($1.3B) expire, totaling $4.7B. Bitcoin’s put/call ratio is 1.38, with a max pain point at $112K, while ETH’s is 0.78 at $4.4K. Open interest peaks at $140K for $BTC ($2.5B) and $95K for shorts ($1.8B).
Despite the expiry, markets are expected to remain stable as this event is smaller than last week’s. However, BTC and $ETH are rangebound—BTC at ~$111.3K, ETH at ~$4.3K—facing resistance and a bearish September outlook. 📉
US jobs data signals a weakening labor market, with the Fed likely cutting rates soon. Crypto stocks like MicroStrategy are dragging sentiment, and short-term implied volatility is spiking (BTC 40%, ETH 70%). Total market cap dipped to $3.91T.
