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Deribit Exchange Prepares for $40B Bitcoin Options Expiry as BTC Holds Above $107K
Deribit Exchange Prepares for $40B Bitcoin Options Expiry as BTC Holds Above $107K
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Deribit exchange News -
Bitcoin traded within a tight range during U.S. trading hours on Thursday, holding steady above $107,500 as markets anticipate Deribit's major quarterly options expiry. The cryptocurrency shows a modest 0.2% 24-hour decline, while the CoinDesk 20 index dropped 0.9%.
Friday's expiry event—one of 2025's largest—features $40 billion in BTC options open interest, with 38% set to mature. Deribit CCO Jean-David Péquignot indicates a max pain price of $102,000 and a 0.73 put/call ratio reflecting measured bearish hedging.
With implied volatility cooling to 38% from April's 50% peak, confidence grows in Bitcoin's macro-hedge narrative. Technical analysts identify $105,000 as crucial support; a breakdown could prompt trader caution.
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