Crypto -markets will rise higher when $ 5B Bitcoin options expire

About 40,000 Bitcoin options contracts expire on Friday, August 15 and they have a fictional value of around $ 4.8 billion.

This expired event is slightly larger than that of last week, but it is still unlikely that it is sufficient to influence the spot markets, which are all time this week in terms of market capitalization.

Bitcoin options

This week’s tranche or bitcoin Options contracts has a put/call ratio of 0.90, which means that almost as many long contracts end as shorts, and the bulls and bears are evenly tuned.

Open interest (OI), or the value or the number of BTC option contracts that still have to expire, is highest at $ 140,000, which has risen to almost $ 3.2 billion at this exercise price on Derivatives. There is also around $ 2.4 billion OI for a exercise price of $ 120,000, because the bull speculators load and OI for lower exercise prices.

In addition, the total Bitcoin -Futures OI is currently $ 83.3 billion, which is near record highs, according to To Coinglass.

Greeks Live, a provider of Crypto -derivatives, said This week the group was predominantly bullish, “with a strong momentum in both BTC and ETH, in which traders actively sell wells and hold long positions that are deep in the profit.”

“The most important sentiment revolves around continuous sales strategies and excitement about the exceptional performance of ETH, although there is some concern about high volatility levels.”

Greeks added that the trading volume shows the enthusiasm of the market for trade, because Deribit traded $ 10.9 billion in options on Thursday and the $ 10 billion broke for the first time for the first time.

When BTC achieved a new of all time and approached ETH his all time, the market experienced an unexpected correction, mainly caused by an unexpected strong PPI lecture.
There were no major changes in the option market, without significant changes in the most important term IV and … pic.twitter.com/swwop3kvxe

– Greek.Live (@GEKEKLIVE) August 14, 2025

In addition to Bitcoin’s batch options today, there are around 287,000 Ethereum contracts that also end, with a fictional value of $ 1.3 billion and a PUT/Call -Ratio of 1.0. This brings the combined crypto options on Friday and the fictional value runs at around $ 6.1 billion.

Crypto Market Outlook

The total market capitalization achieved a record high this week of $ 4.25 trillion, but it is still smaller than the largest company in America, Nvidia, and only 18% of the total market capitalization of Gold of almost $ 23 trillion.

However, the markets started to cool off on Friday, with the total cap 4% dropping to $ 4.1 trillion at the time of writing.

Bitcoin led the losses and dropped 3.8% to less than $ 118,000, but managed to get a little tranquility back during the Asian session on Friday morning, while the return to $ 119,000.

Ethereum has also cooled off the recent four -year highlights and pushed under $ 4,500 on Thursday before he recovered for $ 4,630 on Friday morning. Altcoins also dumped hard despite increased calls for altealth season … It is not yet here!

A recognized pattern of buying Asia and the sale of the United States started to form this week.