Bitcoin (BTC) and Ethereum (ETH) Options Expiring Today, Market Uncertainty Looms

Bitcoin's $2.3 billion expiry has a maximum pain point set at around $80,00 today. China's 145% tariff on U.S. imports adds pressure to already volatile crypto markets.

A massive $2.5 billion in Bitcoin and Ethereum options are expiring today, Friday, 7th September. As the Trump tariff war deepens with China raising 125% import tax on U.S. goods, market pressure is building on cryptocurrencies.

Crypto traders are focused on the upcoming Bitcoin options expiry, which could be a pivotal moment for the flagship cryptocurrency.

Bitcoin: $2.3 Billion Expiry Today

Data from Deribit reveals that 27,794 Bitcoin options contracts, holding a notional value of $2.32 billion, are set to expire today. The put-to-call ratio stands at 0.93, which is a slight preference for call, or bullish, options.

The critical ‘maximum pain’ price, where most options contracts will lose value, is at $81,000 for Bitcoin. This could influence the cryptocurrency’s short-term price movement as traders react to these expirations.

At press time, BTC is trading at $81,900, almost hitting the maximum pain point.

Notably, open interest worth $1.7 billion is concentrated around the $80,000 strike price, hinting at optimism among investors betting on an upward move.

Ethereum Options: $286 Million Expiry

In addition to Bitcoin, Ethereum is also seeing significant options expiry today, with contracts worth $286 million set to close. A total of 204,010 Ethereum contracts are expiring, with a put-to-call ratio of 0.92.

The ‘maximum pain’ price for Ethereum is positioned at $1,700.

The cryptocurrency is currently trading at $1,570 and is testing a key resistance at $1,580-$1,600. If ETH breaks past this level, it could reach $1,680.

Market Volatility Ahead?

Both Bitcoin and Ethereum have been showing unstable price movements due to global market tensions. The trade war between the U.S. and China has worsened, with China increasing tariffs on U.S. imports to 145%. This could make investors skittish and add more uncertainty to the market.

Bitcoin has recovered from a four-month low of $74.4K and is now trading around $82K. It is still in the process of attempting to reclaim the $83K-$83.5K resistance, which could pave the way for a move toward the $90K handle.

On the other hand, if BTC experiences strong support around the $79K-$80K level, it might prevent further downside pressure and set the stage for a potential recovery.

The post Bitcoin And Ethereum Options Worth $2.5 Billion To Expire Today appeared first on Benzinga.