Deribit Exchange Data Shows Bitcoin Options Expiry Nears as BTC Dips Below $105K
Bitcoin fell below $105,000 during early Asian trading hours as $9.83 billion in BTC options approached expiry. Deribit exchange data reveals 92,501 contracts set to expire, with a Put/Call Ratio of 0.89 indicating slightly bullish sentiment. The Max Pain Price stands at $100,000—a level that may invite downward pressure as traders adjust positions to limit losses.
Currently trading around $106,105, BTC has declined 1.44% over 24 hours despite a 15.45% spike in trading volume to $58.37 billion. The pullback follows last week’s all-time high of $111,970, leaving prices 5.22% below the peak. Large options expirations often heighten market volatility, and this event appears to be accelerating Bitcoin’s ongoing correction.