### 🚨 Crypto Alert: $4.5B BTC & ETH Options Expire Today!
Hey crypto fam, buckle up—it's expiry day! At 8:00 UTC on December 12, 2025, a whopping $4.5 billion in Bitcoin (BTC) and Ethereum (ETH) options contracts are set to vanish from the books, mostly on Deribit, with ripples on Binance and OKX. This isn't just numbers; it's a potential volatility bomb in a market that's been chilling in a tight range.
For BTC, trading around $90K, the open interest hits $3.57B across 29,652 contracts (calls vs. puts nearly balanced at a 0.76 PCR—bullish tilt?). Max pain clusters at $90K, meaning prices might gravitate there to wipe out the most options, keeping swings contained. Traders are hedging hard amid macro jitters like Fed rate cuts and QE vibes, but no big directional bets yet. Ethereum? $746M notional, ETH at $3,242, max pain $3,100, PCR 1.24—bears slightly in control, eyeing a dip.
Low IV and half the OI pushed to Dec 26 suggest we're in wait-and-see mode. Could this spark a Santa rally or a pre-holiday fade? Watch spot prices closely—liquidity's thin, so one big move could cascade. What's your play? HODL, short, or YOLO calls? Drop thoughts below! #CryptoOptions #BTC #ETH #ExpiryDay
