Around 31000 Bitcoin options contracts will expire on Friday July 3 with a notional value of roughly 1.9 billion. This event is much smaller than last weeks big end of quarter expiry so there is unlikely to be any impact on spot markets.
Crypto markets have been flat for most of this week but picked up on Friday with 70 billion entering the space since Monday as losses have slowed from last months rout.
Bitcoin Options Settlement 🦇
This weeks batch of Bitcoin options contracts has a put call ratio of 0.7 meaning that sellers of long call contracts slightly outweigh short put contract sellers. Max pain is around 61000 which is close to current spot prices so some will be in the money on expiry. Open interest or the value or number of Bitcoin options contracts yet to expire remains highest at the 80000 strike price on Deribit with 1.1 billion but short sellers still have 900 million in open interest at 60000. Total BTC options open interest across all exchanges has fallen to a 16 month low of 26 billion following last weeks big expiry according to Coinglass.
“Short dated skew continues to account for the majority of downside premium embedded in BTC options pricing” said derivatives provider Greeks Live this week.
“Options positioning remains primarily driven by near term risk management rather than a broad repricing of longer term expectations.”
In addition to todays batch of Bitcoin options around 134000 Ethereum contracts are expiring with a notional value of 228 million a max pain of 1650 and a put call ratio of 1.3. Total ETH options open interest across all exchanges is low at around 3.6 billion its lowest level since January 2023. This brings the total notional value of crypto options expirations to around 1.8 billion. 🌙
Current Market Trends ☠️
Crypto markets are seeing a rare day of green gains across the board this Friday raising total capitalization to 2.2 trillion. Bitcoin led the pack hitting an intraday high of 62000 on Thursday on weaker than expected US jobs data before falling back to trade at 61500 on Friday morning in Asia. Ether fared a little better reclaiming 1700 in a 6 percent daily gain and holding on to those gains over the past 12 hours. The long weekend in the US means that market activity is likely to be subdued.
BREAKING: Bitcoin reclaims 62000 as June jobs data came in weaker than expected lowering odds of a Fed rate hike.
Over 69 billion has been added to the crypto market in the last 6 hours.
Bitcoin is up +3.5 percent adding roughly 41 billion to its market cap.
Ethereum is up… pic.twitter.com/8J21vi4q2W
— Bull Theory (@BullTheoryio) July 2 2026
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Just another echo from the void by iconofsin.eth 💖
