This Friday marks the end of the month, quarter, and year for the derivatives market. Because three different cycles are closing at once, the volume is unprecedented.
Total Value: Approximately $27.5 billion in notional value ($23.7B in Bitcoin and $3.8B in Ethereum) is set to expire.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Dec 26, 2025 "Mega Expiry"
This Friday marks the end of the month, quarter, and year for the derivatives market. Because three different cycles are closing at once, the volume is unprecedented.
Total Value: Approximately $27.5 billion in notional value ($23.7B in Bitcoin and $3.8B in Ethereum) is set to expire.
Bitcoin "Max Pain" Point: Roughly $96,000.
Ethereum "Max Pain" Point: Roughly $3,100.
$BTC $ETH $BTC