Bitcoin Options Traders Concentrate $2.07 Billion in $95,000 Calls for October 30 Expiry
Deribit's largest bitcoin options position holds 25,030.6 BTC in $95,000 calls expiring October 30, while max pain sits near $78,000.
Why it matters
The concentration of bullish call options at $95,000 contrasts sharply with the $78,000 max pain level, suggesting a significant gap between trader positioning and the price at which options holders would face maximum theoretical losses at expiry.
Key facts
Deribit holds 25,030.6 BTC in open interest at the $95,000 strike for October 30 expiry
25,030.6 BTCReported by Bitcoin.com News
Calls account for 60.24% of total outstanding bitcoin options interest
60.24 %Reported by Bitcoin.com News
Total call open interest stands at 268,357.06 BTC versus 177,147.85 BTC in puts
268,357.06 BTCReported by Bitcoin.com News
Max pain estimate for October 30 expiry sits near $78,000
78,000 USDReported by Bitcoin.com News
24-hour options trading volume shows calls at 54.02% versus puts at 45.98%
54.02 %Reported by Bitcoin.com News
What happened
Bitcoin.com News reported that as of October 10, 2026, Deribit's largest listed bitcoin options position contains 25,030.6 BTC in $95,000 calls expiring October 30, representing approximately $2.07 billion in notional exposure. Calls account for 60.24% of total outstanding bitcoin options interest (268,357.06 BTC) versus 39.76% in puts (177,147.85 BTC), per Coinglass data. The same expiration carries a max pain estimate near $78,000. Bitcoin futures open interest stands at $51.7 billion, down 1.59% over 24 hours. Daily trading volume shows a narrower split with calls at 54.02% versus puts at 45.98%. Crypto News syndicated the same report on October 11.
How the story developed
- First report
First report by Bitcoin.com News
Bitcoin Traders Stack $4.5 Billion in Calls as $95K Bets Take Shape
- Update
Crypto News syndicates the report
Republishes Bitcoin.com News article with same data
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 10 Oct 2026, 15:54 UTC: Bitcoin.com News, official — 1 independent source, 1 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Bitcoin Traders Stack $4.5 Billion in Calls as $95K Bets Take Shape | Original | |
| Crypto News (CryptoNews.net) Aggregator | Bitcoin Traders Stack $4.5 Billion in Calls as $95K Bets Take Shape | Syndicated |
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