Bitcoin News

Story: Bitcoin Options Worth $1.9 Billion Expire as Prices Slide Toward $62,800

By Jean-Luc Maracon

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Ethereum Joins the Expiry Wave. Bitcoin isn't the only one. Around 137,600 Ethereum options are also expiring today, carrying a…

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A Week of Quiet Declines and Fading Catalysts. The broader market didn't help matters. Total crypto market cap is down 2.

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Bitcoin's weekly options expiry landed Friday with a thud. About 30,500 contracts worth roughly $1.

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The put/call ratio on the expiring batch sits at 0.78 — meaning call contracts outnumber puts, a mild bullish lean on paper.

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Greeks Live flagged $60,000 as the line in the sand.

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Per Greeks Live, if Bitcoin breaks below $60,000, it could trigger meaningful downward pressure across the market. That's the threshold traders are watching.

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Ethereum itself is down 3% on the day, sliding back toward $1,700 — a level it's been fighting to stay above.

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The broader market didn't help matters. Total crypto market cap is down 2.4% Friday morning in Asia, and the week overall has been rough.

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Two events that might have moved markets — didn't. A signed peace deal between the US and Iran came and went without lifting sentiment.

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Related: Capital B Shareholders Back $120 Billion Bitcoin War Chest

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Bitcoin slipped from an intraday high of $64,500 down to around $62,800. Ethereum fell toward $1,700.

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Derivatives analytics firm Laevitas tracked the implied volatility shift closely. The seven-day at-the-money implied volatility for Bitcoin dropped from 46 to 36 over the week.

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Not exactly bullish. But not panic either.

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The $36 billion in total Bitcoin open interest still standing across exchanges says traders aren't walking away. They're repositioning, watching levels, waiting.

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Ethereum options expiry at $234 million is smaller in scale but it's still part of a market that's clearly under pressure. The balanced 1.

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