4.3 billion USD options $BTC expiring this afternoon 12/9/2025
The crypto market is focusing on the Bitcoin options expiration worth 4.3 billion USD, at 3 PM this afternoon. This is a key factor that could determine the short-term direction of BTC. The bulls have the advantage, but uncertainty from the US economy is making the market not completely confident.
According to Laevitas, Put options are dominating with 2.35 billion USD open interest, compared to 1.93 billion USD in Calls. However, after BTC escaped the bottom of $107,500 earlier in September, Calls have regained some advantage. Notably, the discrepancy leaning towards Puts goes against the familiar optimistic trend of crypto traders.
On Deribit, bearish positions appear weaker. Less than 125 million USD in Puts have been opened at $114K and above, while over 300 million USD in Calls will be activated if BTC holds above $113K. This discrepancy of 175 million USD could become a driving force for a bullish wave.
The fact that BTC has turned $113,500 from resistance into support is key towards the old ATH, however, there are also opinions suggesting that the market may still face a liquidity sweep before rising higher, as over 2000 BTC sell orders appear on the order book.
