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How Will Markets React to $2.6B Crypto Options Expiring Today?

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Will Huge $8.3B Bitcoin Options Expiry Trigger Another Dump?


The end of another week has arrived, which means more crypto options contracts are expiring as spot markets eye recovery. 

Around 31,700 Bitcoin options contracts will expire on Friday, Mar. 6, with a notional value of roughly $2.2 billion. This event is much smaller than last week’s, so there is unlikely to be any impact on spot markets.

Crypto markets have seen a little daylight this week, with around $150 billion added to total market capitalization since Monday, but things were starting to cool off again by Friday.

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Bitcoin Options Expiry

This week’s batch of Bitcoin options contracts has a put/call ratio of 1.7, meaning that there are more expiring shorts (puts) than longs (calls). Max pain is around $69,000, according to Coinglass, which is a little below current spot prices, so many could be out of the money on expiry.

Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $60,000 strike price on Deribit as bearish bets remain dominant. Total BTC options OI across all exchanges has been climbing this month and has reached $41.7 billion.

Crypto derivatives provider Greeks Live observed the market rebound, noting that Bitcoin was firmly holding above the $70,000 psychological threshold and is “now poised to challenge $75,000.”

“However, options market data indicate that selling call options has dominated trading over the past two days. Despite ongoing price gains, momentum has slowed.”

In addition to today’s batch of Bitcoin options, around 184,000 Ethereum contracts are also expiring, with a notional value of $380 million, max pain at $1,950, and a put/call ratio of 0.85. Total ETH options OI across all exchanges is around $7.5 billion.

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This brings the total notional value of crypto options expiries to around $2.6 billion.

Spot Market Outlook

Total market cap is down 1.2% on the day to $2.49 trillion; however, it remains at the upper bounds of its month-long sideways channel.

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Bitcoin hit a four-week high of $74,000 on Thursday but was halted there and has pulled back to $70,300 at the time of writing. The asset has seen a strong recovery since the war in Iran started last weekend.

Ether prices stalled at $2,200 and had declined 2% on the day back to $2,065 during the Friday morning Asian trading session. The altcoins were mostly flat on the day and have failed to move in tandem with the top two this week.

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Perplexity AI Predicts the Price of XRP, Solana and Shiba Inu by The End of 2026

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Perplexity AI Predicts the Price of XRP, Solana and Shiba Inu by The End of 2026

Global headlines may be dominated by reports of conflict, but crypto is holding steady. According to projections generated by Perplexity, holders of XRP, SOL, and SHIB could still see significant gains this year.

Many say that geopolitical risk may already have been priced into markets after Donald Trump’s previous warnings about possible U.S. military escalation involving Greenland and Iran earlier this year.

With uncertainty still lingering, we examine how realistic Perplexity’s projections are.

XRP ($XRP): Perplexity Projects a Potential 7x Surge by Year-End

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In a recent update, Ripple reaffirmed that XRP ($XRP) plays a central role in the XRP Ledger’s (XRPL) growth into a global payments infrastructure designed for enterprise use.

Perplexity AI Predicts the Price of XRP, Solana and Shiba Inu by The End of 2026
Source: Perplexity

XRP enables near-instant settlement and extremely low transaction fees, positioning the network to capture two rapidly expanding sectors in crypto: stablecoins and tokenized real-world assets.

With XRP currently trading close to $1.36, Perplexity AI predicts the asset could potentially climb to around $10 in 2026, representing a little over sevenfold return for current HODLers.

XRP’s relative strength index (RSI) currently sits near 42, while price movement has begun stabilized around its 30-day moving average, suggesting perhaps the extended consolidation period is nearing its end.

Several catalysts could further strengthen XRP’s outlook, including rising institutional demand following the launch of U.S.-listed XRP exchange-traded funds, Ripple’s expanding network of international partnerships, and comprehensive crypto legislation (the CLARITY Act) in the United States.

Solana (SOL): Could Solana Soon Hit $700?

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Solana ($SOL) currently secures around $6.7 billion in total value locked and has a market capitalization of $48 billion.

Institutional interest increased after the introduction of Solana-based exchange-traded funds by prominent asset managers such as Bitwise and Grayscale.

However, SOL crashed toward the end of 2025 and spent much of February trading below the $100 mark.

Perplexity sees Solana rising from $84 today to approximately $700 by Christmas. That would give 8x returns and price Solana more than double it’s January 2025 ATH of $293 recorded.

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Moreover, major asset managers like Franklin Templeton and BlackRock have begun issuing tokenized assets on Solana.

Shiba Inu (SHIB): Perplexity Forecasts a Potential 2,000% Rally

Originally launched in 2020 as a tongue-in-cheek Dogecoin challenger, Shiba Inu ($SHIB) has since developed into a broader ecosystem with a market capitalization of $3.2 billion.

Currently around $0.000005359, Perplexity’s analysis suggests that a decisive breakout above the $0.000025–$0.00003 resistance range could trigger strong upward momentum. Under that scenario, SHIB could potentially climb toward $0.00008 before the end of the year.

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Such a move would represent gains of roughly 15x, or around 1,400%, bringing it a hair’s breadth beneath its October 2021 ATH of $0.00008616.

Beyond its meme coin reputation, the project has introduced practical utility through Shibarium, its Ethereum Layer-2 scaling solution. Shibarium delivers faster transactions, lower fees, enhanced privacy features, and improved developer tools for building decentralized applications.

Maxi Doge: Emerging Meme Coin Aims for Rapid Growth

Perplexity’s projection of a potential 14x surge for Shiba Inu reflects expectations that a new meme coin cycle could accompany the next crypto bull market. However, projects at earlier stages often present even greater growth potential.

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One project gaining attention is Maxi Doge ($MAXI), which has already raised $4.7 million through its ongoing presale as early investors accumulate what some believe could become the next Shiba Inu.

Maxi Doge is the loud, louche and degenerate distant cousin to Dogecoin, embracing a comic marketing approach inspired by the chaotic enthusiasm of the 2021 meme coin boom.

MAXI is an ERC-20 asset on Ethereum’s proof-of-stake network, giving it a significantly smaller environmental footprint compared with Dogecoin’s proof-of-work system.

Early participants in the presale can currently stake MAXI for yields reaching up to 67% APY. These rewards gradually decrease as more tokens enter the staking pool.

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The token is currently priced at $0.0002807 during the latest presale phase, with automatic price increases scheduled at each new funding milestone. Investors can purchase the token using supported wallets such as MetaMask and Best Wallet.

Stay updated through Maxi Doge’s official X and Telegram pages.

Visit the Official Maxi Doge Website Here

The post Perplexity AI Predicts the Price of XRP, Solana and Shiba Inu by The End of 2026 appeared first on Cryptonews.

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Kraken rolls out xChange engine to power tokenized stock markets

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Coinbase, Kraken, NYSE, Nasdaq, Stocks, Tokenization, RWA Tokenization

Kraken’s tokenized equities platform xStocks has launched xChange, an onchain trading engine designed to facilitate trading of tokenized stocks across the Ethereum and Solana networks.

According to the company, the system supports trading of more than 70 tokenized equities backed 1:1 by underlying shares held in custody, with prices intended to track the corresponding public market stocks.

The launch adds new trading infrastructure for tokenized equities, part of the broader tokenized real-world asset market that aims to bring traditional financial instruments such as stocks onto blockchain-based trading systems.

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Kraken launched xStocks in June, offering tokenized versions of publicly traded companies issued by Backed Assets, though the products are not available to users in the United States, the United Kingdom or other restricted jurisdictions.

Since then, the platform has recorded $3.5 billion in onchain transaction volume and about $25 billion in total trading volume across exchanges, with about $225 million in tokenized assets held across about 80,000 blockchain wallets, according to company data.

The move from Kraken comes days after the exchange said its banking unit, Kraken Financial, had been granted a limited-purpose master account by the Federal Reserve Bank of Kansas City, giving it direct access to the Fedwire payments network used by banks and credit unions.

Related: Kraken introduces fixed-rate crypto loans for its Pro users

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Traditional and crypto exchanges build rails for tokenized stocks

Kraken is not alone in exploring infrastructure for tokenized securities, as both crypto exchanges and traditional market operators experiment with ways to bring stocks onto blockchain-based trading systems.

In December, Coinbase announced that it plans to launch Coinbase Tokenize, an institutional platform designed to support the issuance and management of tokenized real-world assets, including equities.

About a month later, the owner of the New York Stock Exchange, Intercontinental Exchange, said it is developing a platform to support trading of tokenized securities, including stocks and exchange-traded funds. 

The proposed system would combine the exchange’s existing matching engine with blockchain-based settlement infrastructure and could support round-the-clock trading with near-instant settlement, potentially using stablecoins instead of the current one-day settlement cycle in US equity markets.

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Coinbase, Kraken, NYSE, Nasdaq, Stocks, Tokenization, RWA Tokenization
Total value of tokenized real-world assets by category. Source: RWA.xyz

The London Stock Exchange Group has also said it is developing blockchain-based infrastructure intended to support the trading and settlement of tokenized securities such as equities and bonds.

Nasdaq, meanwhile, has proposed integrating tokenized versions of stocks and exchange-traded products into its existing trading infrastructure, a change that could increase liquidity for tokenized securities if approved by regulators.

Magazine: The debate over Bitcoin’s four-year cycle is over: Benjamin Cowen