Deribit Exchange Sees $3.3B Bitcoin and Ethereum Options Expire as Market Braces for Volatility
Today marks the expiration of Bitcoin and ethereum options worth over $3.3 billion, following Bitcoin’s recent all-time high. While smaller in scale compared to last week’s expiry, such events often trigger heightened price volatility.
Deribit data reveals $2.8 billion in notional value across 25,438 contracts, with a put-to-call ratio of 1.22 indicating bearish sentiment. Traders appear positioned for downward movement or hedging against it. Ethereum’s market mirrors this cautious outlook.
The timing coincides with Bitcoin’s record-breaking performance yesterday, creating a tense environment for derivatives traders. Market participants are closely watching for potential liquidations and spot market impacts.