Bitcoin, Ethereum Face Massive $18B Options Expiry Event This Friday

Bitcoin and Ethereum are facing their largest options expiry event of 2026 this Friday, with a combined total of $18 billion in contracts set to expire. This massive event has traders betting big on both assets, with calls dominating puts for both Bitcoin and Ethereum.

The data shows that Bitcoin's 184,000 contracts carry a notional value of $15.9 billion, with max pain at $75,000. The majority of these contracts are concentrated around the $90,000 and $100,000 strikes, indicating that traders are heavily positioned for upside on Bitcoin.

Ethereum's options market is also showing strong bullish sentiment, with 777,000 contracts totaling $2.1 billion in notional value. Max pain for Ethereum is at $2,250, and calls lead puts by a significant margin, with $1.32 billion in calls versus $813 million in puts.

While the exact outcome of this options expiry event remains uncertain, it's clear that traders are taking a bullish stance on both Bitcoin and Ethereum. As the market prepares for this massive event, investors will be watching closely to see how prices react.