MORNING MARKET UPDATE — $18B OPTIONS EXPIRY PUTS $BTC VOLATILITY IN THE SPOTLIGHT
Crypto enters Friday with one major event dominating the setup: roughly $18.1B of BTC and $ETH options are approaching today’s quarterly expiry. BTC was trading near $86.3K heading into settlement, while ETH remains around $2.7K; Binance’s ETH page currently shows a modest +0.81% 24H move.
The options book is still call-heavy. Deribit-sourced data showed roughly $16.13B BTC + $2.16B ETH in expiring open interest, with significant BTC call concentration around $90K and $100K. Settlement is scheduled for 08:00 UTC today, so dealer hedging and position rolls could amplify intraday volatility.
Institutional demand remains constructive underneath the noise: U.S. spot BTC ETFs attracted $346.9M on Sep. 23, while ETH ETFs added $104.5M; Sep. 24 data also indicated continued net inflows.
🎯 Watch today: BTC’s recent $83K–$87K zone, then $90K if momentum expands. ETH needs to hold around $2.7K, with $3K an important options strike. SOL also deserves attention because roughly 65% of its Deribit options OI expires today.
⚠️ Large expiries can distort short-term price action. Manage leverage and wait for confirmation rather than chasing volatility.
Does BTC stabilize after expiry—or does $90K become the next battleground? 👀
#BitcoinRejectedAt$87,300Twice
Crypto enters Friday with one major event dominating the setup: roughly $18.1B of BTC and $ETH options are approaching today’s quarterly expiry. BTC was trading near $86.3K heading into settlement, while ETH remains around $2.7K; Binance’s ETH page currently shows a modest +0.81% 24H move.
The options book is still call-heavy. Deribit-sourced data showed roughly $16.13B BTC + $2.16B ETH in expiring open interest, with significant BTC call concentration around $90K and $100K. Settlement is scheduled for 08:00 UTC today, so dealer hedging and position rolls could amplify intraday volatility.
Institutional demand remains constructive underneath the noise: U.S. spot BTC ETFs attracted $346.9M on Sep. 23, while ETH ETFs added $104.5M; Sep. 24 data also indicated continued net inflows.
🎯 Watch today: BTC’s recent $83K–$87K zone, then $90K if momentum expands. ETH needs to hold around $2.7K, with $3K an important options strike. SOL also deserves attention because roughly 65% of its Deribit options OI expires today.
⚠️ Large expiries can distort short-term price action. Manage leverage and wait for confirmation rather than chasing volatility.
Does BTC stabilize after expiry—or does $90K become the next battleground? 👀
#BitcoinRejectedAt$87,300Twice
