Crypto Options Hit Record $28B Expiry as Bitcoin and Ethereum Face Q4 Pressure
TLDR: Record $28B options expiry: December 26 marked history’s largest crypto options settlement event.BTC’s Bullish skew persists: 0.35 put-call ratio shows traders favor calls despite price weakness. March contracts dominate: Q1 2026 options hold 30% of open interest with OTM calls leading positions. Moderate volatility aids sellers: BTC IV at 40% and ETH at 60% create premium collection opportunities. The cryptocurrency derivatives market witnessed its largest options expiry on December 26, with nearly $28 billion in notional value settling across major digital assets. Bitcoin options a ccounted for $23.6 billion of this total, while Ethereum contributed $3.71 billion. The settlement data reflects a market grappling with four consecutive months of declining prices, though trading activity suggests continued institutional participation through rollover strategies and block trades. Bitcoin and Ethereum Options Show Bullish Positioning Despite Price Weakness Market da...