Bitcoin and Ethereum Options Set for Multi-Billion Dollar Expiration – Deribit Reveals

Over $2.25 billion worth of Bitcoin and Ethereum options expire tomorrow morning, according to a post by Deribit. The platform released the expiry data on Twitter, highlighting the significant financial implications of this event. CRYPTO MARKET NEWS: Deribit reveals over $2.25 billion worth of Bitcoin & Ethereum options set to expire tomorrow at 08:00 UTC. This move comes amidst bullish sentiment in the crypto market as both BTC and ETH continue their upward trajectory. Bitcoin options, worth $1.98 billion, will expire with a Max Pain Point of $82,000 and a Put/Call Ratio of 0.92. Meanwhile, Ethereum options, totaling $271 million, will also expire at the same time with a Max Pain Point of $1,600 and a Put/Call Ratio of 0.88. #Bitcoin #Ethereum #OptionsExpiration Deribit’s post highlighted how this high-value expiration event aligns with a recovering crypto market, which has witnessed an uptick in trading activity over the past 24 hours. Bitcoin trades above $84,000 today, while Ethereum is hovering near $1,600. Deribit’s data adds to the growing narrative of optimism in the industry as market sentiment reflects a positive outlook for these assets.