Crypto Market Braces for $15 Billion in Bitcoin and Ethereum Options Expiry

Bitcoin and the broader crypto market are experiencing volatility ahead of a $12 billion options expiry on July 25. Currently, BTC is down 2.71% at around $115,000, with daily trading volumes reaching $94 billion.

$1 billion in liquidations occurred on July 24, causing altcoins to pause.
A total of $15 billion in Bitcoin and Ethereum options will expire today.
103,584 Bitcoin options contracts worth $11.94 billion are set to expire, with a Put/Call Ratio (PCR) of 0.93.
The maximum pain point for Bitcoin options is at $112,000.
BTC price has dropped nearly 3% due to selling pressure, influenced by Galaxy Digital's sale of approximately 30,000 BTC.
Sentiment among options traders is predominantly bearish.
Ethereum options valued at $2.65 billion will also expire today, with a put-to-call ratio of 0.88, indicating bullish sentiment.
This week's expiration volume is lower than last week's $5.76 billion.

Source: Deribit

Source: Deribit