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$1.45 billion in Bitcoin and Ether options expire on July 17

$1.45 billion in Bitcoin and Ether options expire on July 17

Deribit and Greeks.live data showed roughly $1.2 billion in BTC and about $218 million-$230 million in ETH contracts rolling off at 16:00, with sentiment stronger in Bitcoin and more defensive in Ethereum.

BTC
ETH

Fact Check
The primary Greeks.live X post confirms the exact figures: $1.2B BTC notional and $230M ETH notional, totaling ~$1.43B-$1.45B, expiring July 17, 2026 on Deribit. The crypto.news article independently reports the same breakdown, and a ChainCatcher/U.Today report confirms the ~$1.45 billion headline. The claim's characterization of stronger Bitcoin sentiment (PCR 0.9) and more defensive Ethereum (PCR 1.61, puts dominating) is also supported by the Greeks.live data. All figures align across primary and secondary sources.
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Summary

A July 17 crypto options expiry involved about $1.45 billion in Bitcoin and Ether contracts rolling off at 16:00, a derivatives event that can affect short-term price action as traders hedge or unwind positions. Deribit data put the total at about $1.23 billion in BTC options and about $218 million in ETH options, while Greeks.live said 19,000 BTC options and 123,000 ETH options expired with about $1.2 billion and about $230 million in notional value, respectively. Bitcoin's put/call ratio was reported at 0.86 to 0.9 with a max pain point of $62,500 to $63,000, while Ether's was 1.54 to 1.61 with a max pain point of $1,750 to $1,800, indicating relatively firmer sentiment in Bitcoin and more defensive positioning in Ethereum.

Terms & Concepts
  • put/call ratio: A measure comparing put options with call options to gauge market positioning.
  • max pain point: The price level where option holders would face the largest aggregate losses at expiry.
  • notional value: The total face value represented by derivatives contracts.