Deribit Exchange Sees $15B Crypto Options Expiry with Bullish Sentiment Intact
Over $15 billion in Bitcoin and ethereum options are set to expire on Deribit today, with BTC contracts making up $12.66 billion of the total. The put/call ratios of 0.88 for BTC and 0.87 for ETH indicate sustained bullish sentiment among derivatives traders.
Despite this significant expiry—second only to last month's $17 billion event—analysts anticipate little impact on spot prices. Bitcoin's max pain point is at $112,000, roughly $4,000 below current trading levels, while Ethereum may face pressure at $2,800.
Notably, open interest shows concentrated bets at $140,000 strike prices for BTC, where over $3 billion in contracts remain active. This reflects the market's broader positioning for a continued bull cycle.