Deribit Exchange Handles $22.3 Billion Crypto Options Expiry Amid Market Volatility

Deribit exchange News - Nearly 146,000 Bitcoin options contracts with a notional value of $17 billion are set to expire on September 26, marking one of the largest quarterly expiry events in crypto markets. The put/call ratio of 0.76 suggests bullish sentiment persists despite recent price declines. Deribit will process $22.3 billion in crypto options expiries at 08:00 UTC, with maximum pain positioned at $110,000 for BTC. Open interest reveals concentrated activity at $140,000 ($2.7B) and $120,000 ($2.2B) strike prices, while bears have amassed $1.9B in positions at $95,000. Total BTC options open interest across exchanges approaches record levels at $60 billion, with futures OI maintaining near-peak volumes of $80 billion. The expiry coincides with macroeconomic uncertainty as Federal Reserve policy shifts dampen appetite for risk assets.