Major Cryptocurrency Options Expiring This Friday Could Impact Prices

117,000 BTC options and 1.1 million ETH options worth $4.8B expire on Deribit on Friday.
Max pain for BTC is $26,500 and for ETH is $1,650.
Traders expect prices to remain stable ahead of expiry.
Quarterly expiries like this Friday's are significant for volumes and influence markets.
Max pain is where options buyers lose most money at expiry. Sellers try to pin price there.

coindesk.com

Relevant topic timeline:

8/24/2023

Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement

The upcoming settlement of BTC and ETH options contracts could potentially push the prices of the cryptocurrencies closer to the max pain levels of $28,000 and $1,800, respectively, as sellers of call and put options try to make their counterparts suffer the most, according to Deribit, the world's leading crypto options exchange.

8/24/2023

Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry

The upcoming $1.9 billion Bitcoin options expiry on August 25 will determine if the $26,000 support level holds, while regulatory challenges and a potential loss of $380 million add to the bearish sentiment in the cryptocurrency market.

9/8/2023

Bitcoin and Ethereum Prices Hold Steady Ahead of Major Options Expiry

Bitcoin and Ethereum options are set to expire today, with a smaller number of contracts compared to previous weeks, potentially impacting the lackluster prices of both cryptocurrencies, as Bitcoin remains range-bound around the $26,000 level.

9/15/2023

Record $3.4 Trillion in Stock Options Expiring Friday Could Mean Volatility for Stocks and Bitcoin

Stock options worth $3.4 trillion are set to expire on Friday, potentially leading to increased volatility and price declines in both the S&P 500 and Bitcoin, with September historically being a negative month for these assets. There is also a possibility of a surprise interest rate hike by the Federal Reserve, which could impact risk assets.

9/27/2023

Bitcoin Price Faces Uphill Battle With Falling Volumes and Unease Among Institutions

The $3 billion Bitcoin options expiration on September 29 may determine the fate of the $26,000 support level, as trading volumes remain low, traditional financial institutions are cautious, and the Dollar Strength Index reaches a 10-month high, all potentially leading to increased market volatility and a potential breach of the support level.

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Posted 9/25/2023, 9:52:00 AM

Major Cryptocurrency Options Expiring This Friday Could Impact Prices

117,000 BTC options and 1.1 million ETH options worth $4.8B expire on Deribit on Friday.
Max pain for BTC is $26,500 and for ETH is $1,650.
Traders expect prices to remain stable ahead of expiry.
Quarterly expiries like this Friday's are significant for volumes and influence markets.
Max pain is where options buyers lose most money at expiry. Sellers try to pin price there.

coindesk.com

Relevant topic timeline:

8/24/2023

Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement

8/24/2023

Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry

9/8/2023

Bitcoin and Ethereum Prices Hold Steady Ahead of Major Options Expiry

9/15/2023

Record $3.4 Trillion in Stock Options Expiring Friday Could Mean Volatility for Stocks and Bitcoin

9/27/2023

Bitcoin Price Faces Uphill Battle With Falling Volumes and Unease Among Institutions