$6.44 billion in Bitcoin options set to expire Friday, with $80,000 becoming a key price level

KuCoinFlash

Release Time: 2026/08/26 08:23:42

BTC

$78,400.30-0.63%

Summary

Today, the Bitcoin price is set to face key pressure as $6.44 billion worth of Bitcoin options contracts on Deribit approach expiration on Friday at 16:00 Beijing time. Approximately 81,700 options are active, with the highest concentration of call options struck at $75,000 and $80,000, carrying notional values of $236 million and $157 million, respectively. Deribit’s Chief Risk Officer noted that Bitcoin’s recent rise to $80,000 has pushed many call options into the money, increasing hedging pressure on market makers. Options within a 5% range of the current price have a combined notional value exceeding $500 million, likely leading to more frequent Gamma hedging as expiration approaches.

Odaily Planet Daily reports that approximately 81,700 Bitcoin options will expire this Friday at 16:00 Beijing time on Deribit, with a notional value of about $6.44 billion. Among them, there are roughly 44,600 call options and 37,100 put options, resulting in a Put/Call ratio of 0.83. The most concentrated strike prices for call options are $75,000 and $80,000, corresponding to open interest notional values of approximately $236 million and $157 million, respectively.

Deribit’s Chief Risk Officer said that over the past week, Bitcoin rose from approximately $62,000 to $80,000, causing a large number of call options to move in-the-money and increasing hedging pressure on market makers. The notional value of options within a 5% range of the current price exceeds $500 million, and nearing expiration may trigger more frequent gamma hedging. (Coindesk)

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