Crypto Markets Plunge Amidst $11.6 Billion Options Expiry

Cryptocurrencies experienced a significant downturn on May 30, 2025, following the expiry of nearly $11.6 billion in options contracts on the Deribit exchange. This event triggered widespread market volatility and large-scale liquidations across prominent cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Deribit alone witnessed a staggering $11.6 billion worth of BTC and ETH options expire, highlighting the high impact of option expirations in volatile markets. .