- Massive options expiry impacts Bitcoin and Ethereum market stability.
- Deribit and CoinGlass are key data sources.
- Binance Futures outage adds to the turmoil.
Bitcoin’s price is plummeting ahead of a significant $15 billion options expiry on August 29, 2025. With $11.5B in BTC options and $3.1B in ETH options expiring on Deribit, the resulting volatility impacts key digital assets.
Bitcoin and Ethereum markets experience significant volatility as $15 billion in options contracts expire on major exchanges today.
Options expiries often cause market turbulence, sharpening trader attention. Especially impacting Bitcoin and Ethereum, this event raises concerns over potential price fluctuations.
Bitcoin’s Price Movement
Bitcoin’s price experienced a sharp decline ahead of the $15 billion options expiry on August 29, 2025. Deribit and CoinGlass, as key exchanges, highlighted increased leverage and open interest.
Market Reactions
Deribit reported $11.5 billion in Bitcoin and $3.1 billion in Ethereum options set to expire, contributing to a $57 billion open interest peak system-wide. Bitcoin and Ethereum are facing notable price movements, with Bitcoin dropping from $124,200 to $108,000.
The sudden price drop caused stirrings in related markets with Binance Futures experiencing an outage. This incident was highlighted by Twitter user VikingXBT, creating additional concern among traders.
“BREAKING: BINANCE FUTURES OFFLINE IN ORDER TO DISABLE SELLING. UP ONLY RESUMES SHORTLY.” – VikingXBT, Twitter
Economic Impact
Economic conditions add to the stress, with inflation and equity sell-offs affecting crypto sentiment. This options expiry may lead to further downside pressure, experts suggest. Options actions indicate increased risk management across retail and institutional investors.
With BTC and ETH deeply affected, the expiry highlights the crypto market’s vulnerability. Historical trends hint at market recovery post-expiry, though economic conditions may challenge this norm.
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