EL7.AI
CryptoMedium•25 October 2026•
4 min read

Bitcoin Options Worth $11.1 Billion Expire Friday Amid Data-Heavy Week

Key Facts

1Bitcoin options worth $11.1 billion expire on Deribit on October 30 at 08:00 UTC.
2The expiring contracts represent 34.6% of total open interest in Bitcoin options on the platform.
3The put-to-call open interest ratio was 0.56 in the October 23 snapshot.
4Economists expect GDP growth of 1.7% in the third quarter, compared with 2.2% in the second quarter.
5Economists expect personal consumption expenditures inflation to rise to 3.7% in September from 3.4% in August.

Bitcoin options with a notional value of $11.1 billion expire Friday, October 30, on Deribit at 08:00 UTC, an event representing 34.6% of the platform’s total open interest in Bitcoin contracts, according to data cited by CryptoQuant. The expiry comes after the Federal Reserve meeting on October 27 and 28 and the release of gross domestic product, income and personal spending data on October 29. This sequence puts options contracts in a week of successive signals on monetary policy, growth and prices. Economists cited by The Associated Press expect U.S. economic growth to slow in the third quarter, alongside an acceleration in personal consumption expenditures inflation. U.S. midterm elections are scheduled for November 3, days after these dates.

An October 23 snapshot of open positions shows a tilt toward calls, with the put-to-call open interest ratio at 0.56, according to CryptoQuant. The largest single concentration was at a strike price of $95,000, with open interest totaling 20,209 Bitcoin, mostly in call contracts. The distribution points to a large concentration at that price, while the expiry resets these positions at settlement. CryptoQuant estimated “max pain” at $78,000 in a calculation based on Deribit open interest at 00:49 UTC on October 23, when the spot price was $81,424. This level is a calculation of returns on open contracts, not a price target for Bitcoin.

Bitcoin closes recorded in EL7 data fell from $81,189.43 on October 23 to $80,888.16 on October 24, then to $80,409.03 on October 25. The previous day, the cryptocurrency fell 3.17% on Binance and closed at $81,430.8, according to published historical data. These figures reflect the price path in the days before the options expiry and U.S. data week. Strike levels and “max pain” do not determine price direction; they describe the positions of outstanding contracts and their settlement calculations. The expiry remains set for 08:00 UTC on Friday.

On the economic front, economists expect gross domestic product to grow 1.7% between July and September, compared with 2.2% in the second quarter, according to The Associated Press. The U.S. Bureau of Economic Analysis will release its advance estimate for third-quarter GDP on October 29 at 08:30 a.m. Eastern time. The bureau will release personal income and spending data for September at the same time. The expected reading provides a measure of economic activity ahead of the midterm elections, while attention is also focused on the inflation gauge used by the Federal Reserve. The comparison with the previous quarter provides context for assessing whether the expected slowdown in growth coincides with stronger price pressures.

Economists expect personal consumption expenditures inflation to rise to 3.7% in September from 3.4% in August, according to The Associated Press. The Federal Reserve uses this as its preferred gauge, while its inflation target is 2%. Fed staff had estimated annual personal consumption expenditures inflation at 3.8% in August, according to the minutes of the September meeting. The minutes showed that most participants saw a possible need for another interest-rate increase this year to counter persistent inflation. They also noted that inflation remained elevated and that future decisions would depend on incoming information and what it meant for the outlook and the balance of risks. This backdrop puts the expected September reading at the heart of the assessment of the interest-rate path.

The Federal Open Market Committee met on October 27 and 28, with a news conference scheduled for October 28, according to the Federal Reserve calendar. Before the meeting, the bank was expected to keep its benchmark interest rate unchanged after raising it at the September meeting, according to The Associated Press. The agency said the bank had signaled continued concern about inflation and the possibility of further rate increases. GDP, personal income and spending data are then due on October 29 at 08:30 a.m. Eastern time, before the options expire the following day. The midterm elections take place on November 3, completing the sequence of dates leading up to the U.S. political event.