Quarterly expiry research
DERIVATIVES · QUARTERLY EXPIRY
Quarterly US Derivatives Expiry
Recurring U.S. equity-index derivatives expiry, also commonly called triple witching or quad witching. It is positioning context, not a directional Bitcoin signal.
STATUSCOMPLETED
ROLL WINDOWSep 15, 2025
EXPIRY SESSIONSep 19, 2025
HOLIDAY ADJUSTEDNo
BTC DATA7/7 windows complete
DIRECTIONAL PRIORNone
OBSERVED BTC PATH · COMPLETED DAILY CANDLES
Bitcoin reaction after expiry
| Horizon | Return | Worst excursion | Best excursion |
|---|---|---|---|
| 1D | -1.17% | -1.41% | -0.79% |
| 3D | -3.74% | -4.57% | -0.79% |
| 5D | -3.22% | -5.17% | -0.79% |
| 7D | -6.34% | -7.25% | -0.79% |
| 14D | +4.44% | -7.25% | +5.87% |
| 30D | -7.21% | -11.61% | +7.84% |
| 90D | -27.03% | -31.24% | +7.84% |
Base price is the last Coinbase BTC-USD daily close completed before the event. These outcomes do not prove the event caused the move.