Approximately 146,000 Bitcoin option contracts expire on Friday 26 September and they have a fictional value of around $ 17 billion.
This expired event is great because it is the end of the month and the end of the third quarter, so there can be some volatility at spot markets that have been refueled this week.
More uncertainty of the American Federal Reserve has rattled markets as the risky assets become less attractive, so that the September correction is deepened.
Bitcoin options
The Bitcoin Options Contracts Batch has a PUT/CALL ratio of 0.76, which means that more long contracts will end than shorts, because it is actively withdrawing. Max Pain is around $ 110,000, according to To Coinglass.
Open interest (OI), or the value or the number of Bitcoin options that still have to expire, is highest at $ 140,000, which has reached $ 2.7 billion at this exercise price on Deribit. There is also around $ 2.2 billion OI for $ 120,000, but $ 95,000 is a popular exercise price for short sellers with $ 1.9 billion in OI.
The total BTC options OI about all exchanges is around $ 60 billion, which is close to record highs. In addition, the total Bitcoin -Futures OI currently is $ 80 billion, which is still close to peak levels, according to To Coinglass.
Options expire alert
At 8:00 AM UTC tomorrow, more than $ 22.3 billion will expire in crypto options on Deribit; One of the biggest outcome of the quarter. $ BTC: Notional: $ 17.06b | Well/call: 0.76 | Max Pain: $ 110k$ ETH: Notional: $ 5.20b | Well/call: 0.80 | Max Pain: $ 3,800
The biggest Q3 largest … pic.twitter.com/fdt1twomyh
– Deribit (@deribitofficial) September 25, 2025
After the market slump earlier this week, “implicit volatility (IV) for large conditions showed little change, but skew shifted considerably to Putten, with PUT premiums that considerably exceed the calls from the call”, “”, ” said Derivators provider Greeks live.
“This indicates a strong increase in expectations of the option market of downward risks.”
In addition to the Bumperbatch of Bitcoin options today, there are around 1.3 million Ethereum contracts that also expire, with a fictional value of $ 5.3 billion, maximum pain at $ 3,800 and a put/call ratio of 0.80. Total ETH Options OI on all stock markets are around $ 18 billion, Coinglass reports.
This brings off the combined crypto options on Friday and the fictional value runs at around $ 22.4 billion.
Crypto market correction is being deepened
Crypto markets have continued their downward slide throughout the week, with the total capitalization falling to a low four weeks of $ 3.84 trillion by Friday morning.
Bitcoin fell under $ 109,000 in late trade on Thursday and lost support at the $ 112,000 zone. The active is now 12% decrease in its peak and ready for further losses because the ‘septembear’ correction seems to deepen.
Ethereum is even weaker and drops to $ 3,830 before he is found in Asia on Friday morning to $ 3,950. ETH is now 20% lower than the all time.
The Alcoins are a sea of red with larger losses for XRP, BNB, Solana, Avalanche and Sui.
Binance free $ 600 (excluding cryptopotato): Use this link to register a new account and receive $ 600 excluding welcome offer on Binance (Full details).
Limited offer for Cryptopotato readers at Bybit: Use this link to register and open a free function of $ 500 on each coin!
#markets #huge #billion #crypto #options #today