Bitcoin and Ethereum Options Expiry to Test $112K Breakout
Bitcoin options expiry and Ethereum options expiry on October 31 will see $13.4 billion in BTC contracts and $2.5 billion in ETH contracts lapse, part of a record $15.9 billion of crypto options. Deribit data show a 0.7 put-to-call ratio for both markets and place Bitcoin’s max pain at $114,000 and Ethereum’s at $4,100. Bitcoin, trading near $108,000, faces a breakout test at $112,000 — a decisive move above this level, driven by the Bitcoin options expiry, could spark a short squeeze; failure to hold support at $107,000 risks a drop to $103,000–$104,000. For Ethereum, an ETH options expiry and a Bitcoin-led rally may lift ETH toward $4,200. Historical expiries boost volatility by 5–10%, so traders should watch critical levels around the Bitcoin options expiry and Ethereum options expiry to plan breakout or correction strategies.
Neutral
The simultaneous Bitcoin options expiry and Ethereum options expiry introduce significant short-term volatility without clear directional bias. While a breakout above $112,000 could trigger bullish momentum and short squeezes, failure to defend support levels may prompt downward corrections. Given the balanced bullish and bearish catalysts, the market impact is expected to be neutral as traders watch key levels and hedge positions.