How $1.2B Bitcoin options expiry could shape the next BTC move

cryptonews14:02

Bitcoin and Ethereum options worth about $1.43 billion expired on July 17 as crypto markets remained within established trading ranges. Summary Bitcoin options worth $1.2 billion expired as BTC ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow $1.2B Bitcoin options expiry could shape the next BTC move\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-17 14:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/how-1-2b-bitcoin-options-expiry-could-shape-the-next-btc-move/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin and Ethereum options worth about $1.43 billion expired on July 17 as crypto markets remained within established trading ranges. \n\n\nSummary\n\n\n\nBitcoin options worth $1.2 billion expired as BTC ...</p>\n\n<a href=\"https://crypto.news/how-1-2b-bitcoin-options-expiry-could-shape-the-next-btc-move/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03042","symbol_name":"华夏比特币","start_time":0,"source_url":"https://crypto.news/how-1-2b-bitcoin-options-expiry-could-shape-the-next-btc-move/","article_id":"2652047769","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/how-1-2b-bitcoin-options-expiry-could-shape-the-next-btc-move/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2652047769","pubTimestamp":1784268150,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bitcoin and Ethereum options worth about $1.43 billion expired on July 17 as crypto markets remained within established trading ranges.Ethereum’s 1.61 put-call ratio showed persistent demand for puts as traders remained sharply divided Friday.According to Greeks.live data, 19,000 Bitcoin options worth $1.2 billion expired with a put-call ratio of 0.9 and a maximum pain point of $63,000.Meanwhile, 123,000 Ethereum options worth $230 million expired with a put-call ratio of 1.61. The maximum pain level stood at $1,800. The elevated ratio showed that put positions continued to outweigh calls, extending a trend that Greeks.live said has lasted for about a month.However, Ethereum’s put-call ratio continued to show strong demand for downside positions. “The proportion of put options has exceeded 1 for a consecutive month and continues to rise,” Greeks.live said, describing the current positioning as unusually divided between bullish and bearish traders.A week earlier, $1.9 billion in Bitcoin","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"03042":"华夏比特币","ARKY":"ARK 21SHARES ACTIVE BITCOIN ETHEREUM STRATEGY ETF","STCE":"Schwab Crypto Thematic ETF","BRRR":"比特币ETF-CoinShares","FETH":"以太币ETF-Fidelity","BITX":"2倍比特币期货ETF-Volatility Shares","ETHA":"以太坊ETF-iShares","ETHD":"ProShares UltraShort Ether ETF","EZET":"以太坊ETF-Franklin","ETH":"低成本以太坊ETF-Grayscale","BTRN":"比特币期货ETF-Global X","BETE":"等权重比特币&以太币期货ETF-ProShares","ETHW":"以太坊ETF-Bitwise","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","OOQB":"One+One Bitcoin and Ether ETF","BETH":"比特币&以太币期货ETF-ProShares","QETH":"以太坊ETF-Invesco Galaxy","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","ETHV":"以太坊ETF-VanEck","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","EETH":"以太币期货ETF-ProShares","09042":"华夏比特币-U","ETHU":"2倍以太币期货ETF-Volatility Shares","YETH":"Roundhill Ether Covered Call Strategy ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","DMAR":"FT Vest U.S. Equity Deep Buffer ETF - March","MAXI":"比特币期货ETF-Simplify","ETU":"T-Rex 2X Long Ether Daily Target ETF","YBIT":"YieldMax Bitcoin Option Income ETF","ETHT":"ProShares Ultra Ether ETF","MNRS":"GRAYSCALE BITCOIN MINERS ETF","MSBT":"Morgan Stanley Bitcoin Trust ETP","IBIT":"比特币ETF-iShares","BTCI":"NEOS Bitcoin High Income ETF","BTF":"比特币&以太币期货ETF-CoinShares","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","09439":"嘉实比特币-U","YBTC":"比特币看涨期权ETF-Roundhill","ETHE":"最大以太坊ETF-Grayscale","BTFX":"比特币期货ETF-CoinShares","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","09008":"博时比特币-U","BTGD":"STKD Bitcoin & Gold ETF"},"translate_title":"$1.2B 比特币期权到期如何影响 BTC 的下一步走势","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EZET":0.9,"ETHA":0.9,"BTGD":1.5,"MAXI":1.5,"BEGS":1.5,"BTRN":1.5,"BTCL":1.5,"DMAR":1.5,"CBXJ":1.5,"CBTJ":1.5,"09439":1.5,"BETH":1.5,"ETH":0.9,"MSBT":1.5,"FETH":0.9,"STCE":1.5,"IBIT":1.5,"ETU":0.9,"03042":0.9,"09008":1.5,"EETH":0.9,"ETHD":0.9,"BTCI":1.5,"ETHT":0.9,"CRPT":1.5,"NCIQ":1.5,"ARKY":1.5,"BITX":1.5,"BETE":1.5,"ETHE":0.9,"MNRS":1.5,"BTF":1.5,"BTCmain":1.5,"BTFX":1.5,"QETH":0.9,"YBTC":1.5,"BTCZ":1.5,"BRRR":1.5,"09042":1.5,"YBIT":1.5,"ETHV":0.9,"OOQB":1.5,"ETHU":0.9,"XBTmain":1.5,"ETHW":0.9,"YETH":0.9},"content_text":"Bitcoin and Ethereum options worth about $1.43 billion expired on July 17 as crypto markets remained within established trading ranges. \n\n\nSummary\n\n\n\nBitcoin options worth $1.2 billion expired as BTC remained inside its month-long trading range Friday.\nEthereum’s 1.61 put-call ratio showed persistent demand for puts as traders remained sharply divided Friday.\nGreeks.live said bullish block trades increased, while overall options activity stayed muted amid low volatility.\n\n\n\nAccording to Greeks.live data, 19,000 Bitcoin options worth $1.2 billion expired with a put-call ratio of 0.9 and a maximum pain point of $63,000.\nMeanwhile, 123,000 Ethereum options worth $230 million expired with a put-call ratio of 1.61. The maximum pain level stood at $1,800. The elevated ratio showed that put positions continued to outweigh calls, extending a trend that Greeks.live said has lasted for about a month.\nBitcoin remained above $60,000 during the week and has traded mainly between $60,000 and $65,000 for more than a month. Despite sharp moves in parts of the U.S. stock market, crypto volatility remained relatively subdued. The latest weekly expiry represented only about 5% of outstanding options, while open interest declined slightly amid fewer short-term trading opportunities.\nEthereum options show deeper divide as Bitcoin volatility stays low\nGreeks.live said Bitcoin gamma exposure remained concentrated around the $64,000 and $70,000 strikes. Ethereum’s exposure was more widely spread between $1,825 and $2,000 as some traders used shallow out-of-the-money options to position for a possible rebound. The firm also said large bullish trades increased, led mainly by short-term bull spreads.\nHowever, Ethereum’s put-call ratio continued to show strong demand for downside positions. “The proportion of put options has exceeded 1 for a consecutive month and continues to rise,” Greeks.live said, describing the current positioning as unusually divided between bullish and bearish traders.\n\nJuly 17 Options Data19,000 BTC options expired, with a put-call ratio of 0.9, a maximum pain point of $63,000, and a notional value of $1.2 billion.123,000 ETH options expired, with a put-call ratio of 1.61, a maximum pain point of $1,800, and a notional value of $230 million.… pic.twitter.com/nlzAux4vBa— Greeks.live (@GreeksLive) July 17, 2026\n\nThe latest expiry follows several weeks of cautious derivatives positioning. As previously reported by crypto.news, Bitcoin and Ethereum options worth about $1.75 billion expired on July 10, with Bitcoin’s maximum pain level at $62,000 and Ethereum’s put-call ratio at 1.26.\nA week earlier, $1.9 billion in Bitcoin options expired while traders continued to watch the $60,000 area. Ethereum already showed heavier demand for downside protection at that time, with its put-call ratio standing at 1.29.\nThe July 17 expiry was smaller than major monthly and quarterly settlements, reducing the likelihood that the event alone would drive a large spot-market move. Still, Bitcoin traded close to its $63,000 maximum pain level, while Ethereum’s growing put exposure showed that traders remained divided over its near-term direction.\nGreeks.live said overall market activity remained subdued despite the increase in bullish block trades. With Bitcoin still locked inside its month-long range, traders continue to watch the $64,000 and $70,000 options concentrations for signs of the next broader move.\n\n\n\n\n\n                Read more:\n            \n\n                Ansem says token buybacks cannot fix weak crypto valuations","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652047769","isCrawlerRequest":true}