So, guess what? About 30,700 Bitcoin options contracts are going to expire on Friday, June 6. The grand total? A cool $3.2 billion. Yup, that’s right—billion with a “B.” 💸
Now, don’t panic just yet. This event is *way* smaller than last week’s panic-fueled expiry, so we can all take a deep breath. The spot markets have already tanked by $150 billion in just 12 hours (talk about a rough ride) 🌪️, so a little more drama probably won’t do much.
Crypto Options Expiry – The Drama Unfolds
This week’s Bitcoin options contracts are a bit like your annoying friend who talks about their “super cool” plans but never follows through. The put/call ratio is 0.76, meaning there are just a few more long contracts than shorts. We get it—sentiment is cooling off. Who needs hot takes anyway? 🔥
The max pain point is $105,000 (oh, how the mighty have fallen), a mere $2,000 above current spot prices. So, expect most of the bloodbath to happen right there, just like every other time people try to time the market. 🤷♀️
Options Expiry Alert
At 08:00 UTC Friday, over $3.8B in crypto options are set to expire on Deribit. $BTC: $3.21B notional | Put/Call: 0.76 | Max Pain: $105K $ETH: $624M notional | Put/Call: 0.69 | Max Pain: $2,600
Calls dominate up the curve. What do you expect to…
— Deribit (@DeribitOfficial) June 5, 2025
On Thursday, Greeks Live (no, not the ones serving you tzatziki at lunch) chimed in with their market update. Surprise! They’re bearish, with traders betting that Bitcoin is in for a bit of a correction, despite its recent attempts at a little upward flirtation. 🙄
“Traders are watching the $105 to $109K resistance level for BTC while mentioning that volatility remains persistently low, creating challenging conditions for options traders.”
And let’s be real—short call positions are all the rage right now, especially between $108K and $109K for June 7 expiry. People are just waiting for BTC to stay under this resistance. Because why not bet on disappointment, right? 🤷♂️
“Most are avoiding longing at current levels despite the temptation, with some expecting a deeper flush before considering long positions.”
Oh, and let’s not forget Ethereum. There are 241,000 Ethereum contracts expiring today, valued at $624 million. So yeah, it’s not just Bitcoin throwing a tantrum. Max pain point for ETH? $2,600. 😬
Crypto Market Outlook – It’s All Falling Apart, Isn’t It?
Crypto markets have taken a 5.5% nosedive today, with total capitalization now sliding to $3.3 trillion. That’s the lowest we’ve seen in almost a month. Time to panic yet? 😱
Bitcoin led the charge with a 2.7% drop to $101,000. It then tried to recover during the Friday morning Asian trading session, but let’s be honest, it’s still clinging to support levels above $100K like it’s the last piece of bread at a family dinner. 🍞
Ethereum, once the shining star, has now crashed 7% from over $2,600 to around $2,400. Meanwhile, altcoins like Dogecoin, Sui, and Shiba Inu are taking the pain even harder. It’s a bloodbath, people. 😬
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2025-06-06 08:04