On September 25, Deribit published the data on the expiration of options on Bitcoin and Ethereum in a volatile crypto market. This is one of the biggest quarter end expiration this year. The general market decreased today by 2.7%, lowering below the threshold of 4 trillion capitalization of the market. However, there are enough reasons to maintain optimism before the fourth quarter of 2025.
Details about Crypto's expiration on Derit
Deribit has announced that over $ 22 billion in BTC and ETH options will expire on September 26 at 08:00 (UTC). BTC options worth $ 17.06 billion will expire, with a Put/Call ratio of 0.76 and a Max Pain point of $ 110,000. Also, ETH options worth $ 5.02 billion will expire, with a Put/Call ratio of 0.8 and a Max Pain point of $ 3,800. It remains to be seen how the market will react tomorrow, after today's volatility, triggered by several factors, including Crypto liquidations, geopolitical tensions between Russia-area and others.
Evolution of Bitcoin and Ethereum price on September 25
At the time of writing this article, BTC is traded over $ 111,000, down by over 2% in the last 24 hours. However, the BTC managed to return from levels lower than $ 110,000 reached earlier today.
The price of BTC in USD today despite the volatility of the market, the institutional interest in Bitcoin continues, and the US BTC ETFs registered $ 241 million on September 24, according to Sosovalue data, after two previous days of exits.
ETF BTC Entries – Data Sosvalue is worth mentioning that, according to Bitbo.io data, BTC volatility has decreased considerably in the last six months, suggesting a promising future as the digital asset becomes more stable, despite market and macroeconomic conditions.
The BTC – Data Volatility Index.Io Derit also mentioned a few days ago that BTC volatility collapses, stressing that the last time this configuration was seen, «things became interesting», citing data from Amberdata. ETH is currently trading over $ 3,900, decreasing by almost 5% in the last 24 hours, having a weaker performance than BTC.
The price of ETH at USD today also, the ETH ETFs in the USA recorded on September 24 the third day of exits, over $ 79 million, signaling a reduction in institutional interest.
ETF ETH inputs – Data SOSVALUE on September 25, ETH dropped below $ 4,000, triggering liquidations in Crypto Square. Over $ 240 million in Long and Short positions on ETH have been liquidated, and total liquidations in the last 24 hours have exceeded $ 614 million, of which over $ 546 million in long positions and over $ 68 in short positions, Coinglass data shows.
Why maintain optimism before T4
Despite recent volatility at the end of September, Crypto Square still has reason to remain optimistic.
More interest rates on the horizon
The next FOMC meeting, scheduled for October 29, is expected to bring another interest reduction, the CME Group probability tracker shows. On September 25, there is a probability of 85.5% for a new discount next month, which could trigger optimistic movements in the market.
T4 is a positive historical for BTC
At the same time, from a historical point of view, October is a positive month for Bitcoin. Since 2013, October has been a bullish month for BTC for ten years, Coinglass data shows.
The monthly BTC – Data Coinglass data so far, the BTC is increasing by over 3% and in September, which means it could end this month on green in 2025.
Favorable policies for Crypto in the US and beyond
In addition, the US develops a more favorable framework for the Crypto industry under the current administration, which will support a positive perspective for the BTC and the general market in the future. Also, European banks work to launch a stable Euro currency in line with small until 2026, a movement that shows how traditional finances in Europe embrace the Crypto industry. Join the 33,000+ subscribers. No spam, only useful info.