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Deribit Exchange Data Shows Bearish Signals as $7B Crypto Options Expiry Looms
Deribit Exchange Data Shows Bearish Signals as $7B Crypto Options Expiry Looms
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Deribit exchange News -
Bitcoin and Ethereum extended losses as $7 billion in options approached expiry. BTC fell below $114,500 while ETH dropped 6% to $3,600, triggering broad crypto market selloffs.
Deribit data reveals 48,000 BTC options ($5.72B notional) expiring with a 0.74 put-call ratio, indicating bearish sentiment. The max pain price sits at $116,000 - above current trading levels - suggesting continued liquidation pressure.
Ethereum faces stronger bearish signals with 350,000 ETH options ($1.35B) expiring at a 0.97 put-call ratio. The $3,500 max pain price below market levels points to further downside risk for ETH.
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