Live updates: Bitcoin options worth $6.4 billion just expired as prices hover near $80,000

The $6.4 billion expiry cleared after bitcoin’s run from roughly $62,000 to $80,000, leaving traders to rebuild positions around a very different price range.

The top 3

  1. Record-Setting $23.7 Billion Expiry: The largest Bitcoin options expiration in history by notional value was approximately $23.7 billion on December 26, 2025, with total crypto assets nearing $28 billion.
  2. August 2026 $6.4 Billion Expiry: Approximately $6.44 billion in Bitcoin options, covering 81,700 BTC contracts, expired on Deribit on August 28, 2026, with significant open interest around $75,000 and $80,000 strike prices.
  3. Deribit Dominates Bitcoin Options: Deribit is the dominant crypto derivatives exchange, handling a significant portion of Bitcoin options open interest and expirations, including the recent $6.4 billion event.

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