Bitcoin options lead $16.6B Q3 crypto expiry

Bitcoin and Ethereum options worth nearly $16.6 billion have built up for the 2026 third-quarter expiry, with call open interest exceeding puts across both markets. Summary $16.6 billion in Bitcoin and Ethereum options is positioned for September’s quarterly expiry, Coinbase says. Bitcoin accounts for $14.73 billion notional, with 186,000 open contracts and 0.52 put-call ratio overall. Ethereum carries $1.92 billion notional, 756,100 open contracts, and a 0.57 put-call ratio for expiry. Bitcoin max pain is $72,000, while Ethereum’s corresponding level is $2,200 in Coinbase’s snapshot today. Ethereum’s largest call concentration is $3,000, not $30,000, with roughly 43,000 contracts outstanding there currently. According to Coinbase Markets, Bitcoin accounts for roughly $14.73 billion of the notional value, compared with approximately $1.92 billion for Ethereum. Its Sept. 15 market update showed 186,000 BTC contracts and 756,100 ETH contracts in open interest. For quarterly contracts on Deribit, September options expire on the final Friday of the quarter at 08:00 UTC. The exchange’s official expiry policy places the 2026 Q3 settlement on Friday, Sept. 25. Nearly $16.6B in BTC and ETH...