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
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

