Ah, dear reader, gather ’round as we delve into the delightful drama of the crypto realm! On this fateful Friday, June 13, a staggering 28,000 Bitcoin options contracts, worth a princely sum of approximately $3 billion, are set to expire. One can only imagine the collective gasp of traders as they clutch their pearls! 💰
Fear not, for this spectacle mirrors last week’s options expiry, suggesting that the impact on the spot markets will be as minimal as a whisper in a crowded ballroom. After all, they have already plummeted by more than 7% in the past 24 hours—truly a tragedy worthy of Shakespeare! 🎭
Bitcoin Options Expiry
This week’s batch of Bitcoin options boasts a put/call ratio of 0.95, indicating that longs and short sellers are engaged in a most gentlemanly duel. The max pain point, a rather poetic $107,000, lies tantalizingly just $3,000 above current spot prices, where losses shall be mourned in silence.
Open interest, or the number of BTC options contracts yet to meet their demise, is highest at strike prices between $110,000 and $140,000, with over $1.5 billion at each price. Bullish speculators, bless their optimistic hearts, remain steadfast in their confidence, as reported by the ever-watchful Deribit. 🧐
Options Expiry Alert: At 08:00 UTC tomorrow, over $3.7B in crypto options are set to expire on Deribit. $BTC: $3.04B notional | Put-Call: 0.95 | Max Pain: $107K $ETH: $687M notional | Put-Call: 1.20 | Max Pain: $2,700
ETH upside flows are strong heading into expiry. Will…
— Deribit (@DeribitOfficial) June 12, 2025
In a rather amusing market update, the crypto derivatives provider Greeks Live has declared that the group appears “divided on market direction,” with bears dominating the conversation. It seems multiple traders have taken to buying puts for protection—how quaint! 🐻
They further noted a delightful disagreement surrounding the $120,000 price target, with some declaring it “not allowed” while others dream of reaching it before the next major correction. Meanwhile, traders are keeping a watchful eye on $90,000 as a potential retest level—how thrilling! 🎢
In addition to our beloved Bitcoin options, a staggering 250,000 Ethereum contracts are also expiring today, with a notional value of $687 million, a max pain point of $2,700, and a put/call ratio of 1.2. This brings Friday’s combined crypto options expiry notional value to a jaw-dropping $3.6 billion. What a time to be alive! 🎉
Crypto Market Outlook
Alas, the total market capitalization has slumped by 7.4% to $3.34 trillion over the past 12 hours, with more than $180 billion exiting the space. A veritable exodus, one might say!
Bitcoin has led the charge into the abyss with a 4.3% drop to $103,000 during the Friday morning Asian trading session. Yet, fear not, for it remains above six figures and within its six-week rangebound channel—no need for panic, dear friends! 😅
Ethereum, once the belle of the ball, has cooled after its promising rally, suffering a dramatic 10% fall below $2,500 on Friday morning. This price level has served as support, and it must hold to prevent another major sell-off—oh, the suspense! 🎭
As for the altcoins, they paint a rather dismal picture, a veritable sea of red, with double-digit pain for Solana, Dogecoin, Cardano, Sui, Chainlink, and many others. Truly, a day for the history books! 📉
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2025-06-13 08:31