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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/26/2026

Bitcoin Options Expiry Triggers $15.6B Unwind; XRP and Solana Outperform

What happened: On September 25, approximately $15.

Bitcoin Options Expiry Triggers $15.6B Unwind; XRP and Solana Outperform

What happened: On September 25, approximately $15.6 billion in Bitcoin options (about 182,000 BTC) expired on Deribit, with the largest call concentrations at $85K, $90K, and $100K strikes. The event led to a sharp but largely mechanical pullback in BTC price, which hit an intraday high of ~$87,000 before retreating to ~$83,600. Meanwhile, XRP and Solana continued to climb, posting weekly gains of 15.45% and 9.33%, respectively.

Why it matters: The expiry of such a large notional value in options contracts can amplify volatility and drive short-term price swings, but analysts framed the move as a routine hedge unwind rather than a broader trend reversal. The resilience of XRP and SOL highlights ongoing rotation within the crypto market, even as macroeconomic headwinds—such as the Fed's recent rate hike and a four-year high in core PCE inflation—add uncertainty.

Source: Decrypt