Bitcoin Faces Major Options Expiry of $23.8 Billion

Around $23.8 billion in Bitcoin options are set to expire on December 26, affecting the BTC derivatives market with significant open interest levels.

This expiry could lead to risk repricing and increased volatility, impacting institutional strategies within the $85,000–$100,000 price range.

Bitcoin’s $23.8 Billion Options Expiry: Effects and Predictions

On-chain data analyst Murphy highlighted that Bitcoin options totaling $23.8 billion will conclude on December 26th. This includes quarterly and yearly options, indicating institutional involvement due to the scale, including entities such as ETF hedging desks and BTC treasury firms.

Price impact is expected within the $85,000–$100,000 corridor due to the significant open interest in call and put options. This structure might suppress upward movements while providing a passive buffer downward, leading to potential mid-range fluctuations. For insights on derivatives trading and related updates, you can check Deribit Exchange updates.

Market analysts predict increased uncertainty post-expiry as risk repricing becomes inevitable. However, no direct responses or statements from major industry leaders or analysts have been noted yet. “It appears that there are no specific quotes available from key figures or authoritative sources related to the discussions on the $23.8 billion Bitcoin options expiry on December 26, 2025, based on the provided information. Most of the analysis stems from on-chain data observations and summative reports without direct statements from industry experts or policymakers.”

Historical Insights and Potential Market Shifts Post-Expiry

Did you know? Bitcoin’s options market is largely driven by institutional strategies. These entities often balance risk and reward by utilizing put and call options effectively to safeguard against volatile price movements, as evidenced by prior events.

As per CoinMarketCap, Bitcoin is trading at $89,424.99 with a market cap of $1.79 trillion. The circulating supply is at 19.96 million BTC. Recent price changes include a 0.96% fall over 24 hours and 21.92% over 90 days. For regular updates, you might follow Cryptocurrency insights from CryptoSlate.

The Coincu research team suggests the Bitcoin market may face increased volatility post-expiry. Potential outcomes include reallocation of institutional portfolios and shifts in investor sentiment due to these prevailing market conditions.