---
title: 'Bitcoin Traders Brace for $15B Options Expiry as Bulls Eye $100,000'
url: >-
  https://www.cryptocatalyst.news/articles/2026-09-25-bitcoin-traders-prepare-for-15b-options-expiry-as-bulls-target-100000
canonical: >-
  https://www.cryptocatalyst.news/articles/2026-09-25-bitcoin-traders-prepare-for-15b-options-expiry-as-bulls-target-100000
date: '2026-09-25T13:13:48.374996+00:00'
category: bitcoin
tags:
  - bitcoin
  - options
  - expiry
  - market
  - volatility
  - investing
source: Bitcoin Magazine
source_url: 'https://bitcoinmagazine.com/markets/bitcoin-traders-await-15-billion-expiry'
publisher: CryptoCatalyst
summary: >-
  Bitcoin traders brace for a $15 billion options expiry on September 26, 2026,
  with heavy call option concentration at the $100,000 strike. Learn what this
  means for volatility.
image: >-
  https://www.cryptocatalyst.news/images/articles/2026-09-25-bitcoin-traders-prepare-for-15b-options-expiry-as-bulls-target-100000.webp
generated_by: automated editorial pipeline
---
# Bitcoin Traders Brace for $15B Options Expiry as Bulls Eye $100,000

Bitcoin traders are bracing for a $15 billion options expiry on Friday, September 26, with a heavy concentration of call options at the $100,000 strike price. The event is expected to amplify volatility as bulls bet on a breakout.

## Key takeaways

- Bitcoin faces a $15 billion options expiry on September 26, 2026.
- Call options dominate, with heavy open interest at the $100,000 strike.
- This is one of the largest notional expiries in Bitcoin history.
- Market maker hedging could amplify price moves around expiry.

Bitcoin traders are bracing for a $15 billion options expiry this Friday, September 26, 2026 — one of the largest notional expiries in the asset's history. The event is dominated by call options, with a notable cluster of open interest at the $100,000 strike price, signaling that many traders are betting on a surge to that level.

## Why the $100,000 Strike Matters
The $15 billion figure represents the notional value of all Bitcoin options set to expire. According to the source, there are "more bitcoin bets on higher prices ahead of Friday's expiry," meaning the call-to-put ratio is heavily skewed bullish. If Bitcoin remains near or above key strike prices at expiry, market makers may need to hedge, potentially driving further upward pressure — or triggering sharp reversals if the price falls short.

## What to Watch Next
Traders should monitor the open interest concentration at $100,000 and the broader gamma dynamics. If Bitcoin holds above that level into expiry, dealers may be forced to buy more Bitcoin to cover short gamma positions, amplifying any rally. Conversely, a failure to hold could lead to a rapid unwind. This expiry follows the $6.4 billion expiry in August 2026, which also sparked notable volatility. For more on how options expiries shape price action, see our coverage of [Bitcoin options expiries](/articles/2026-08-26-64b-bitcoin-options-expiry-could-spark-market-volatility-this-friday).

## FAQ

### What is a Bitcoin options expiry?

An options expiry is the date when options contracts settle. Traders must either exercise or close their positions, which can cause large price swings as market makers adjust hedges.

### Why is the $100,000 strike important?

A heavy concentration of call options at $100,000 means many traders are betting on a breakout above that level. If Bitcoin holds above it, market makers may need to buy more BTC to hedge, fueling further upside.

### How does this compare to previous Bitcoin options expiries?

At $15 billion notional, this is one of the largest expiries ever, surpassing the $6.4 billion expiry in August 2026. The call-to-put ratio is also notably bullish.

### What should traders watch for during this expiry?

Watch Bitcoin's price relative to the $100,000 strike. High gamma around that level means dealers may amplify moves in either direction. Set stop-losses to manage volatility.

## Source

This article is a summary of reporting by [Bitcoin Magazine](https://bitcoinmagazine.com/markets/bitcoin-traders-await-15-billion-expiry), written by an automated editorial pipeline. See https://www.cryptocatalyst.news/editorial-policy.

## How to cite

CryptoCatalyst.news, "Bitcoin Traders Brace for $15B Options Expiry as Bulls Eye $100,000", 2026-09-25, https://www.cryptocatalyst.news/articles/2026-09-25-bitcoin-traders-prepare-for-15b-options-expiry-as-bulls-target-100000