How Will Crypto Markets React to Today’s $10 Billion Bitcoin Options Expiry?

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About 149,000 Bitcoin options contracts, with roughly $9.57 billion in notional value, will expire on July 31, a large end-of-month options event that could trigger spot market volatility. Crypto markets retraced this week with about $25 billion in outflows after the Fed left rates unchanged and the resumption of US–Iran military action, raising downside risk for crypto liquidity and prices.
Around 149,000 Bitcoin options contracts will expire on Friday, July 31, with a notional value of roughly $9.57 billion. This expiry is much larger than usual events, being the end of the month, so it may induce spot market volatility.
Crypto markets have retreated slightly this week, with around $25 billion leaving the space following the Fed’s decision to leave rates unchanged and the resumption of military action between the US and Iran.
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