#options

🚨 Today’s $3.4B Bitcoin Options Expiry: What It Means for Markets 🚨

Around 29,500 BTC options contracts expire today (Sep 12, 2025), with a notional value of ~$3.4B. Similar to last week’s event, expect minimal spot market disruption as BTC holds steady around $115,500 after spiking to $116,300.

Key Highlights:

• Put/Call Ratio: 1.3 (more shorts than longs, signaling bearish bets amid rising speculation)

• Top OI Strikes: $140K ($2.7B), $120K ($1.8B), $95K ($1.9B – popular for shorts)

• Total BTC Futures OI: $86.6B, nearing ATHs per CoinGlass

Implied volatility is cooling despite next week’s Fed decision – market prices in a 25bps cut as a done deal. Stable IV suggests low expected swings.

Also expiring: 190K ETH contracts worth $858M (PCR 1.0), pushing total crypto expiry to $4.25B.

Market Vibes:

• Crypto cap hits $4.11T (highest since Aug 23)

• BTC: Up, rangebound but bullish on US CPI (2.9% YoY in Aug, matching forecasts)

• ETH: +3.2% to $4,530

• Alts like $SOL , $DOGE , $LINK in green

Outlook: Neutral-to-bullish if BTC stays above $113K. Could pave way to $120K rally, but watch Fed & macro cues. Low vol pricing = calm before potential storm?