Deribit Exchange Sees $5B Bitcoin Options Expiry Amid Record Crypto Market Highs
Nearly $5 billion in Bitcoin options contracts are set to expire on Deribit today, with a put/call ratio of 0.90 indicating balanced bullish and bearish positions. Despite the sizable expiry, analysts suggest spot markets—currently at record capitalization levels—will likely remain unaffected.
Open interest has concentrated at the $140,000 and $120,000 strike prices, reflecting aggressive bullish positioning. Derivatives traders continue selling puts while maintaining profitable long positions, though elevated volatility remains a concern.
The crypto derivatives market shows no signs of cooling, with total Bitcoin futures open interest nearing historic highs at $83.3 billion. Ethereum's outperformance has added fuel to the bullish sentiment across digital asset markets.
