Deribit Exchange Reports $17 Billion in Bitcoin and Ethereum Options Expiry, Highlighting Market Volatility

Cryptocurrency traders are preparing for potential market turbulence as $17 billion worth of Bitcoin and ethereum options near expiration. According to Deribit data, $14.98 billion in BTC options and $2.29 billion in ETH contracts are set to mature today—a fourfold increase from last week's volumes.

The put-to-call ratios of 0.75 for Bitcoin and 0.52 for Ethereum indicate strong bullish sentiment. Maximum pain points are at $102,000 for BTC and $2,200 for ETH, representing price levels where most options would expire worthless. Despite recent price swings, market participants remain confident.

June's monthly expiry significantly surpasses previous weekly contracts, with 139,390 BTC options and 938,551 ETH contracts set to settle. This concentrated gamma exposure may intensify price movements as market makers adjust their hedges. The derivatives market continues to reflect institutional involvement through advanced positioning strategies.