📅 Bitcoin (BTC) futures and options typically expire on specific dates monthly and quarterly, but the exact date varies by platform. Here are the key details from the latest data:
🧨 Recent options expiration:
- On September 19, 2025, BTC options with a nominal value of $3.5 billion expired, and there were 30,208 active contracts.
- The put-to-call ratio was 1.23, indicating a market tendency to hedge against a downturn.
- The "max pain" level — the price at which most contracts expire worthless — was $114,000.
📆 Typical expiration dates:
- Monthly: Often on the last Friday of each month.
- Quarterly: End of March, June, September, and December.
🎯 Why does the expiration date matter?
- It affects market volatility, especially in the final hours before settlement.
- It can create upward or downward pressure depending on the distribution of contracts.
