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Bitcoin's $16B quarterly options expiry may reduce buying pressure and increase volatility after Friday settlement.

Market News
23 Sep 2026
Coindesk
View Source
Neutral
Bitcoin's $16B quarterly options expiry may reduce buying pressure and increase volatility after Friday settlement.

Bitcoin and Ethereum face a combined $18 billion options expiry on Friday, with Bitcoin's $16 billion expiry potentially shifting market dynamics. More than half of Bitcoin's $9.4 billion call options are in the money, indicating bullish bets, while put options are largely out of the money. This expiry could remove dealer hedging that has supported Bitcoin's recent rally above $80,000, possibly leading to increased short-term volatility and a reset in price range. Traders will also watch how positions roll over into later expiries, influencing future market trends.

As of Sep 23, 2026 20:25 WIB, Bitcoin trades at Rp1.520.000.500 on Pluang, down 1.14% in the last day, while Ethereum is priced at Rp48.344.956, down 2.00%. Despite the large $16 billion Bitcoin options expiry noted in the article, Pluang data shows a balanced order activity with 54% buy and 46% sell for Bitcoin. The typical hold time for Bitcoin investors on Pluang is 110 days, indicating a relatively patient investor base.

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