Oh dear, it’s that time again – a whopping 27,300 Bitcoin options contracts are set to expire on Friday, July 4, with a notional value of a cool $3 billion 💸. One does hope the market can handle the drama.
But fear not, dear investor, for this event is a mere trifle compared to last week’s end-of-month shenanigans. It’s unlikely to cause a ripple in the spot markets, unless, of course, the economic data from the US decides to throw a tantrum 🤯.
As we saunter towards the end of the week, the economic data from the US has been rather… shall we say, favourable? The markets have ticked up, and all is right with the world 🌟.
Now, let’s talk about the Bitcoin options expiry. It’s all rather fascinating, really. The put/call ratio is a delightful 1, meaning the longs and shorts are evenly matched – a game of financial tennis, if you will 🎾. And the max pain point? A mere $106,000, a trifling $3,000 below current spot prices. Oh, the agony! 😩
But wait, there’s more! Open interest is highest at the $115,000, $120,000, and $140,000 strike prices, with a whopping $1.5 billion at each level. It seems the derivatives speculators are feeling rather… bullish 🐂.
As the delightful folks at Deribit noted, “With macro quiet and volumes drifting lower, traders are gradually adding exposure” to Bitcoin futures. How very… thrilling 😴.
Options Expiry Alert 🚨
After last week’s massive $17B expiry, tomorrow brings a quieter setup, but still sizable.$BTC: $2.98B notional | Put/Call: 1.01 | Max Pain: $106K BTC now trades above $109K, will it hold into expiry or snap back toward max pain?$ETH: $584M notional…
— Deribit (@DeribitOfficial) July 3, 2025
Meanwhile, the crypto derivatives provider Greeks Live is showing “strong bearish sentiment with traders expressing frustration over stagnant market conditions and volatility remaining elevated.” Oh dear, it seems the traders are getting a bit… testy 😤.
And what about Ethereum, you ask? Well, there are a mere 220,000 contracts expiring, with a notional value of $584 million, a max pain point of $2,500, and a put/call ratio of 1.28. How very… exciting 😴.
Total market capitalization has lost 2% over the past 24 hours, climbing to $3.64 trillion at the time of writing. But don’t worry, dear investor, the markets have been trading tightly around this range for the past couple of months. It’s all rather… stable 🙏.
Bitcoin spiked above $110,000 during late trading on Thursday but had fallen back to $109,500 during the Friday morning Asian trading session. Oh, the thrill! 😲
And finally, analyst Rekt Capital had this to say: “Bitcoin just needs to stay above $108,890 for the rest of the week to position itself for a bullish weekly close above the final major resistance.” How very… optimistic 🌟.
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2025-07-04 08:07