Deribit Exchange Braces for $27 Billion Bitcoin and Ethereum Options Expiry
Deribit is preparing for Friday's expiration of $27 billion in Bitcoin and ethereum options contracts, representing over 50% of the platform's open interest. The put-call ratio of 0.38 reveals overwhelming dominance of call options, with Bitcoin strikes concentrated between $100,000 and $116,000.
Unlike last December's volatility surge, markets remain calm despite the technical shock. The event will unwind $23.6 billion in BTC and $3.8 billion in ETH contracts, reshaping risk exposure without triggering panic.