Stablecoin

Aptos

Bitcoin

Drops

Daily

<ul>
 <li>BTC options had a max pain at $105K with $3.95B value</li>
 <li>ETH options expired with max pain at $3,475</li>
 <li>Combined expiry adds volatility to the crypto market</li>
</ul>
Friday witnessed a major event in the crypto derivatives market as over 41,000 BTC and 228,000 ETH options contracts expired. These expiries, amounting to a combined notional value of approximately $4.7 billion, are expected to influence short-term price volatility and market sentiment.
According to data from leading derivatives platforms, the Put-Call Ratio for Bitcoin (BTC) stood at 0.61, indicating more call options than puts, suggesting bullish sentiment among traders. The maximum pain point, the price at which most options expire worthless, was recorded at $105,000, far above BTC’s current trading range. This could point to long-term optimism or hedging strategies by institutional players.
<h2 class="wp-block-heading" id="strong-eth-expiry-adds-to-market-movements-strong">ETH Expiry Adds to Market Movements</h2>
Ethereum (ETH) also saw a significant options expiry event. 228,000 contracts expired with a notional value of $730 million. The Put-Call Ratio for ETH stood at 0.59, reinforcing a similarly bullish tone in the options market. The maximum pain point for ETH was calculated at $3,475, another level higher than current spot prices.
These maximum pain levels often serve as key reference points for traders trying to predict market behavior around expiries. When actual prices diverge significantly from the max pain points, it can lead to increased volatility due to the closing or rolling over of positions.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet">
 41,000 BTC options contracts expired, with a Put-Call Ratio of 0.61, maximum pain point at $105,000, and notional value of $3.95 billion. 228,000 ETH options expired with a Put-Call Ratio of 0.59, maximum pain point at $3,475, and notional value of $730 million.…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1989242065377718488?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 14, 2025</a>
 </blockquote>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-what-this-means-for-the-market-strong">What This Means for the Market</h2>
While options expiries don’t always lead to immediate price action, they often mark a shift in short-term sentiment. With billions of dollars in contracts expiring, both BTC and ETH may see increased trading activity as traders reposition themselves based on new technical and psychological levels.
The relatively low Put-Call Ratios for both assets indicate that a larger portion of traders were betting on upward price movement. Combined with the max pain points being higher than current market prices, this could potentially hint at a bullish outlook—provided macro conditions align.
<h4 class="wp-block-heading">Read Also :</h4>
<ul>
 <li><a href="https://coinomedia.com/popcat-manipulation-btx/" rel="noopener noreferrer nofollow">BTX Capital Accused of $25M POPCAT Manipulation</a></li>
 <li><a href="https://coinomedia.com/bitcoin-extreme-fear-index/" rel="noopener noreferrer nofollow">Bitcoin Fear and Greed Index Hits Extreme Fear</a></li>
 <li><a href="https://coinomedia.com/bitcoin-correction-us-pressure/" rel="noopener noreferrer nofollow">Bitcoin Correction Led by U.S. Liquidity and Tax Pressure</a></li>
 <li><a href="https://coinomedia.com/aave-mica-approval/" rel="noopener noreferrer nofollow">Aave Secures MiCA Approval, Launches Zero-Fee Crypto Ramps</a></li>
 <li><a href="https://coinomedia.com/kraken-us-ipo-delay/" rel="noopener noreferrer nofollow">Kraken Not Rushing Into US IPO, Says Co-CEO</a></li>
</ul>
The post <a rel="noopener noreferrer nofollow" href="https://coinomedia.com/btc-eth-options-expiry-3/">BTC and ETH Options Worth $4.7B Expire Today</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinomedia.com">CoinoMedia</a>.

BTC and ETH Options Worth $4.7B Expire Today

Table of Contents

CoinoMedia

Other articles published on Nov 14, 2025

Join our free newsletter for daily crypto updates!