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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 Rally Stalls on $15.6B Options Expiry; XRP and Solana Outperform

What happened: $15.

Bitcoin Rally Stalls on $15.6B Options Expiry; XRP and Solana Outperform

What happened: $15.6 billion in Bitcoin options expired on Deribit, covering 182,000 BTC with a put/call ratio of 0.71. The max pain point was $76,000, with heavy call interest at $85K, $90K, and $100K. Bitcoin traded in a $83,230–$85,208 range, closing down 0.9% on Friday. ETF inflows reached $299.09M. Meanwhile, XRP rose 4.37% in 24h (+15.45% 7d), and Solana climbed 9.33% over the week, boosted by the Alpenglow upgrade (150ms finality).

Why it matters: The options expiry event introduced volatility and may have contributed to the rally’s pause, but dealer hedging and macroeconomic data (PCE, jobs) could drive the next move. The strong performance of XRP and Solana highlights rotational flows within crypto, with Solana’s technical upgrade drawing particular attention. Contrarian analysts argue that macro factors may soon outweigh options-driven dynamics. Source: Decrypt, Bloomberg