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Deribit Exchange Sees Record $155K Bitcoin Put Option as Traders Brace for Volatility
Deribit Exchange Sees Record $155K Bitcoin Put Option as Traders Brace for Volatility
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Deribit exchange News -
Bitcoin's price fell below $115,000 amid heightened crypto market volatility, with traders preparing for a $15.5 billion options expiry. Deribit recorded its largest-ever Bitcoin put option, reflecting bearish investor sentiment. A put-call ratio of 0.93 and a max pain price of $112,000 indicate potential further downside.
Over 103,000 BTC options, worth $12.66 billion, are set to expire, while ethereum options add to market uncertainty. Despite bearish signals, some traders are shifting to call options, as shown by a 24-hour put-call ratio of 0.58. The market remains tense as participants adjust positions ahead of the expiry.
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