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Deribit Exchange Reports $7B Bitcoin & Ethereum Options Expiry Today – Volatility Expected
Deribit Exchange Reports $7B Bitcoin & Ethereum Options Expiry Today – Volatility Expected
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Deribit exchange News -
Today marks the expiry of over $7 billion in Bitcoin and ethereum options contracts on Deribit, potentially triggering significant market movements. Bitcoin options show a max pain point of $117,000 (above the current $116,003 price) with $5.6 billion worth of contracts expiring. The Put/Call ratio of 0.79 indicates strong bullish positioning.
Ethereum options present a more balanced but still optimistic outlook with a 0.91 PCR and $3,550 as the key strike level. Notably, ETH's 375,709 contracts exceed Bitcoin's open interest, signaling greater trader focus on Ethereum's near-term price action. Market makers' hedging activity may exacerbate volatility around these critical levels.
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