A massive $8.3 billion Bitcoin options expiry on Friday coincides with a sharp crypto market downturn, raising fears of amplified volatility. With a put/call ratio of 0.54 and max pain at $90,000, many contracts are poised to expire out of the money. The event is part of a broader $9.6 billion crypto options expiry that includes $1.3 billion in Ethereum contracts, unfolding as total crypto market capitalization plunges below $3 trillion to its lowest level since April.
about $8.3B Bitcoin Options Expiry Looms as Crypto Markets TumbleDeribit
0 in Finance and 1 in Crypto last week$1.8B Bitcoin Options Expire Amid Market Turmoil
Approximately $1.8 billion in Bitcoin options contracts are set to expire today, injecting fresh volatility into cryptocurrency markets already battered by a $200 billion weekly loss. With a critical max pain point well above current spot prices and a market backdrop clouded by geopolitical and macroeconomic uncertainty, this expiry event threatens to exacerbate the prevailing negative sentiment that has pushed Bitcoin below $90,000 and Ethereum beneath the $3,000 psychological level.
about $1.8B Bitcoin Options Expire Amid Market TurmoilBitcoin Nears $95K But Futures Show Limited Conviction
Bitcoin has rallied close to $95,000 in early 2026, marking its highest level in six weeks. However, analysts remain cautious as perpetual futures positioning remains flat and spot demand appears weak. Options markets show a more constructive shift, though much of the activity reflects short-covering rather than fresh directional bets.
about Bitcoin Nears $95K But Futures Show Limited Conviction$2.2B Crypto Options Expire Today: Market Impact Analysis
Approximately $2.2 billion in Bitcoin and Ethereum options contracts are set to expire on Friday, January 2, marking a significantly smaller derivatives expiry event following subdued holiday trading. With a notable put/call ratio favoring bullish calls and max pain levels hovering near current spot prices, traders are closely monitoring for potential market reactions as overall liquidity remains thin and sentiment pessimistic. The event unfolds against a backdrop of sideways spot market movement as the new year begins.
about $2.2B Crypto Options Expire Today: Market Impact Analysis$27B Crypto Options Expiry: Bitcoin & Ethereum Face Year-End Test
The cryptocurrency derivatives market faces its largest single-day test of the year as approximately $27 billion in Bitcoin and Ethereum options contracts expire on Friday, December 26. This quarterly and year-end expiry event, dominated by a massive $23 billion in Bitcoin options, arrives during subdued holiday trading, with analysts closely watching post-expiry positioning flows rather than immediate price action to gauge market sentiment heading into 2026.
about $27B Crypto Options Expiry: Bitcoin & Ethereum Face Year-End TestEthereum’s $6B Options Expiry Puts $3,000 Price in Focus
Ethereum faces a critical test as $6 billion in options contracts approach expiration this Friday, with the $3,000 price level serving as a key battleground for traders. The outcome could determine whether ETH breaks higher or faces renewed selling pressure. Market participants are bracing for heightened volatility as call positions heavily outnumber puts ahead of the deadline.
about Ethereum's $6B Options Expiry Puts $3,000 Price in Focus$2.7B Bitcoin Options Expire Friday Amid Market Weakness
Approximately $2.7 billion in Bitcoin options contracts are set to expire on Friday, December 19, against a backdrop of sustained selling pressure across cryptocurrency markets. While this derivatives expiry is smaller than average and analysts suggest it will have a contained impact, spot markets continue to slide due to a confluence of regulatory uncertainty and macroeconomic fears. The event coincides with a $460 million Ethereum options expiry, bringing the total notional value of expiring crypto derivatives to around $3.2 billion.
about $2.7B Bitcoin Options Expire Friday Amid Market WeaknessCrypto Market Plunges $140B as US Legislation Delays Spark Panic
The cryptocurrency market has been rocked by a violent $140 billion selloff, pushing total market capitalization to a precarious three-week low of $3.02 trillion and threatening a fall below the critical $3 trillion threshold. Bitcoin led the decline, collapsing through the $90,000 support level to trade as low as $85,200, its weakest point since early December. The sharp correction, which unfolded over several hours, has been attributed by analysts to a perfect storm of regulatory uncertainty—primarily a delay in key US legislation—combined with heightened stress in derivatives markets and renewed regulatory pressure from China.
about Crypto Market Plunges $140B as US Legislation Delays Spark PanicCoinbase to Launch Prediction Market with Kalshi, Eyes Tokenized Stocks
Coinbase, the largest cryptocurrency exchange in the United States, is poised to launch a federally regulated prediction market in partnership with financial exchange Kalshi, according to multiple reports. This strategic expansion, set to be formally unveiled at the company’s December 17 system update event, represents a significant step in CEO Brian Armstrong’s vision to transform Coinbase into a comprehensive ‘everything exchange.’ The move comes amid intensifying competition and a challenging market environment for digital assets.
about Coinbase to Launch Prediction Market with Kalshi, Eyes Tokenized Stocks$4.3B Crypto Options Expire as Fed Cuts Rates
Over $4.3 billion in Bitcoin and Ethereum options contracts expire today, presenting a significant derivatives event against a backdrop of cautious market sentiment. The Federal Reserve’s recent quarter-point rate cut, largely anticipated by traders, has failed to ignite volatility, with positioning data from platforms like Deribit and Coinglass suggesting expectations for a contained expiry. This mirrors last week’s event, which passed without major spot market disruption, as the crypto market grapples with historically weak year-end liquidity conditions.
about $4.3B Crypto Options Expire as Fed Cuts RatesCoinbase Stock Drops 40%, Bernstein Sees $510 Bull Run Ahead
Coinbase (COIN) shares have plunged nearly 40% from their July peak of $444 to around $271, mirroring heightened volatility in the broader cryptocurrency market. Despite this sharp decline, analysts at Bernstein maintain a resolutely bullish outlook, reaffirming a ‘Buy’ rating with a $510 price target. Their confidence stems from Coinbase’s strategic pivot from a pure trading platform toward what they term an emerging ‘everything exchange,’ a transformation they believe will fuel a new bullish phase.
about Coinbase Stock Drops 40%, Bernstein Sees $510 Bull Run Ahead$3.4B Bitcoin Options Expiry Unlikely to Shake Markets
A batch of 37,000 Bitcoin options contracts with a notional value of $3.4 billion expires today, but its relatively small size compared to recent events suggests limited impact on spot markets. The expiry coincides with a cautiously bullish yet tempered sentiment among traders and comes as institutional participation drives record volumes in the crypto options market, with year-to-date activity up 36% from 2024.
about $3.4B Bitcoin Options Expiry Unlikely to Shake Markets