TLDR
On Deribit, the largest BTC options venue, todays Bitcoin (BTC) options expire at 8:00 am (UTC) per an exchange-focused report.
- Deribit holds the bulk of open interest, and the expiry outcome is keyed to the price at 8:00 am (UTC) per a market report.
- The event is large (about $23$24 billion notional) and can amplify volatility per coverage.
Deep Dive
1. Expiry Time
The canonical BTC options expiry on Deribit occurs at 8:00 am (UTC) today, with settlement referenced to the price at that time. This timing is highlighted across market commentary that tracks Deribits share of crypto options open interest and the Friday expiry cadence in a market report.
Deribit is the dominant venue by open interest, so this specific timestamp is the key moment most market observers track for the BTC options expiry each Friday as noted above.
If you need the exact moment, watch 8:00 am (UTC). Liquidity and price behavior can shift sharply around that print as hedges unwind.
2. Size and Impact
Multiple outlets flag that todays expiry is one of the largest on record, with roughly $23$24 billion of BTC options notional set to roll off, which can mechanically increase volatility as positions are closed or rolled per coverage. Additional commentary reiterates the scale and the potential for sharper price swings around the expiry window per analysis.
Context matters: thin holiday liquidity can magnify moves as hedging flows reset, even if the broader trend remains unchanged per the report above.
Conclusion
Todays BTC options expiry to watch is 8:00 am (UTC) on Deribit. Given the unusually large notional expiring and holiday-thinned liquidity, short windows around the expiry can see outsized volatility as hedges unwind and positions roll. If youre tracking the tape, focus on behavior into and just after 8:00 am (UTC).
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