Deribit Exchange Prepares for Record $5B Crypto Options Expiry as Market Eyes Volatility
The cryptocurrency market rebounded nearly 3% to a $3.88 trillion valuation after U.S. regulatory developments allowed retirement plans to include Bitcoin exposure. Traders now expect increased volatility as $5 billion in Bitcoin, Ethereum, and XRP options near expiration.
Deribit is set for its largest-ever Bitcoin put option expiry at $600 million, with 34K BTC contracts worth $4.08 billion maturing. Market sentiment appears bearish with a 1.46 put-call ratio, though recent trading shows growing call option activity at a 0.86 ratio.
The $116,000 max pain price suggests potential downward pressure on BTC's current $116,970 valuation. Institutional traders are implementing advanced options strategies like butterfly spreads while closely watching volatility indicators.
