Deribit Exchange Braces for $17 Billion Crypto Options Expiry as Bitcoin and Ethereum Show Volatility

Bitcoin and ethereum are displaying bullish momentum with key support levels holding strong, yet traders remain cautious ahead of potential turbulence. The year's largest options expiry—$15 billion in BTC and $2.3 billion in ETH contracts—could spark sharp price movements on June 27. Deribit data indicates a Bitcoin put-call ratio of 0.74, reflecting cautious market sentiment, with a max pain point at $102,000 suggesting possible downside pressure.

Ethereum's outlook appears more bearish, with a 0.52 put-call ratio and a max pain point at $2,200. Market direction may hinge on the upcoming U.S. PCE inflation report, expected to show a rise to 2.3%. Institutional traders are adjusting positions ahead of these dual catalysts, setting the stage for heightened volatility.