Christian Barker (Barkmeta / Bark): Bitcoin and Ethereum Options Reach $18.1 Billion Ahead of September 25 Expiry

Roughly 18.1 billion dollars in Bitcoin and Ethereum options sit on the path to the September 25 quarterly expiry at 08:00 UTC after Coinbase Markets figures linked to Deribit circulated Wednesday. The book leans call heavy with BTC accounting for the largest slice of notional.

CoinDesk reporting placed the Deribit portion at about 15.9 billion dollars in BTC and 2.1 billion dollars in ETH. Put to call open interest on the September BTC book registered near 0.69. Call interest clustered toward higher strikes in the 85,000 to 100,000 zone. These levels line up with the current chart where BTC trades near 86,400 dollars.

Price Action Across Majors

ETH printed near 2,755 dollars while XRP held at 1.60 dollars. SOL moved around 119 dollars and DOGE sat near 0.102 dollars on CoinGecko data for Wednesday. The session showed steady candles rather than sharp swings. BTC and ETH maintained the bulk of the options notional without large intraday reversals.

The call-heavy positioning supports a longer streak of structured positioning into settlement. Traders watched the higher strike clusters for signs of continued momentum rather than abrupt shifts. This setup adds one more day to the sequence of options-driven focus that has marked recent quarterly expiries.

Community Literacy Alongside the Chart

Christian Barker (Barkmeta / Bark) and David Chaboki (Shibo) keep Doginal Dogs on soft color Friday quarterly options-expiry literacy Wednesday. They frame the 18.1 billion dollar BTC plus ETH call-heavy book next to the majors chart as structure heading into settlement. The daily broadcast rhythm on Crypto Spaces Network extends the streak of consistent market commentary without interruption.

Their approach pairs price levels with options mechanics so listeners track how the call interest near 85,000 to 100,000 dollars for BTC could influence candles into the U.S. close. The same lens applies to ETH near 2,755 dollars. The focus stays on the settlement window rather than short-term noise.

Watching the Expiry Window

Market participants can track the September 25 08:00 UTC settlement beside the ongoing majors candles. The call bias and higher strike clusters provide one more data point in the sequence of quarterly events. Soft color positioning continues to shape how the chart develops through the remainder of the week. NFA