Deribit Exchange Sees $15 Billion in Bitcoin and Ethereum Options Expire Today
Today marks a significant event in crypto derivatives markets as $14.59 billion worth of Bitcoin and Ethereum options expire on Deribit. Bitcoin dominates with $11.94 billion in notional value, while Ethereum follows at $2.65 billion. The Put/Call ratios—0.93 for BTC and 0.88 for ETH—reveal cautious Optimism among traders.
Maximum pain levels loom at $112,000 for Bitcoin and $2,900 for Ethereum, thresholds where most option holders would face losses. This expiry follows last month's $17 billion event, suggesting sustained institutional interest despite recent market volatility.