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Deribit Exchange Sees $40B Bitcoin Options Open Interest as BTC Holds Above $107K
Deribit Exchange Sees $40B Bitcoin Options Open Interest as BTC Holds Above $107K
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Deribit exchange News -
Bitcoin traded within a tight range during U.S. hours on Thursday, holding steady above $107,500 as markets prepared for Deribit's major quarterly options expiry. The CoinDesk 20 Index slipped 0.9%, reflecting broader market caution.
Deribit's CCO Jean-David Péquignot reported $40 billion in BTC options open interest, with 38% expiring Friday. The max pain price is $102,000, with a 0.73 put/call ratio indicating balanced positioning.
Implied volatility has cooled to 38% from April's 50% peak, signaling strengthening confidence in Bitcoin's macro-hedge attributes. Technical analysts identify $105,000 as critical support, though low open interest and volatility metrics suggest limited expectations for sharp price movements.
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