Ethereum

FOMO

Bitcoin

<p>Bitcoin price continues to make new all-time highs, triggering a splendid crypto market rally and causing Ethereum price to surpass the $3,000 psychological level. Traders now await over $5 billion in crypto options to expire today for cues on market direction in the coming days.</p>
<p>As per Deribit’s <a href="https://x.com/DeribitOfficial/status/1943239421236572525" target="_blank" rel="noopener noreferrer nofollow">data</a>, 37,000 BTC options with a notional value of $4.35 billion are set to expire on July 11. The max pain price is at $108,000, significantly lower than the market price of Bitcoin. At the time of writing, the put-call ratio is 1.07, suggesting traders are betting for more puts than calls.</p>
<p>However, the call volume has doubled the put volume in the last 24 hours, with a put-call ratio of 0.53. This happens as Bitcoin price hits an ATH of $118,410, even surpassing <a href="https://www.cryptotimes.io/2025/07/01/matrixport-predicts-bitcoin-price-to-hit-116000-in-july/" target="_blank" rel="noopener noreferrer nofollow">Matrixport’s Bitcoin price target</a> for July.</p>
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  <img width="1200" height="542" src="https://www.cryptotimes.io/wp-content/uploads/2025/07/Bitcoin-Options-Expiry-July-11-1200x542.png" alt="Bitcoin Options to Expire" title="Over $5 Billion in Bitcoin and Ethereum Options to Expire Today 3">
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   Bitcoin Options to Expire. Source: Deribit
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<p>Moreover, 240,000 ETH options with a notional value of $710 million are to expire today. The max pain price is at $2,600, and a put-call ratio is 1.12, indicating bearish sentiment among derivatives traders.</p>
<p>In the last 24 hours, traders have bet more calls than puts as the Ethereum price surpassed $3,000. The put-call ratio was 0.52 at the time of writing. Market sentiment has improved, and ETH implied volume fell slightly to 60%, as per GreeksLive.</p>
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  <img loading="lazy" width="1200" height="542" src="https://www.cryptotimes.io/wp-content/uploads/2025/07/Ethereum-options-to-expire-July-11-1200x542.png" alt="Ethereum options to expire" title="Over $5 Billion in Bitcoin and Ethereum Options to Expire Today 4">
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   Ethereum Options to Expire. Source: Deribit
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<p>“The last two weeks have seen a very large block of call trades, mainly building and moving positions after quarterly delivery,” GreeksLive added. The options market is far from FOMO, and institutional investors are very muted.</p>
<p>At the time of writing, the BTC price is trading nearly 7% higher at $118,200. Experts predict Bitcoin price to hit as high as $135,000 before the <a href="https://www.cryptotimes.io/2025/07/09/bitcoin-price-bull-run-to-end-by-october-analyst-predicts/" rel="noopener noreferrer nofollow">start of the bear market</a>. Whereas, ETH price is trading more than 8% higher at $3,020.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/07/10/bitcoin-still-has-room-to-run-mvrv-z-score-signals-upside/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Still Has Room to Run; MVRV Z-Score Signals Upside</a></p>
</blockquote>

Over $5 Billion in Bitcoin and Ethereum Options to Expire Today

The Crypto Times

Other articles published on Jul 11, 2025

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