Over $3.7 billion worth of Bitcoin and Ethereum options are set to expire on Deribit’s platform tomorrow, June 13th, signaling a significant market event impacting the crypto landscape. This substantial amount of expiring contracts indicates a potential shift in market sentiment and volatility for both assets. Here’s a closer look at the upcoming expiry details:
**Bitcoin & Ethereum Options Expiry Details on Deribit:**
* **BTC:** Over $3.04 billion worth of Bitcoin options are set to expire, with a Put/Call Ratio of 0.95 and a Max Pain point of $107,000.
* **ETH:** A substantial $687 million worth of Ethereum options will also expire, featuring a Put/Call Ratio of 1.20 and a Max Pain point of $2,700.
Deribit highlighted these upcoming expirations in its latest X post, emphasizing the volatility and potential impact on market dynamics.
**Market Trends Pre-Expiry:**
* **BTC:** Bitcoin is trading above $107,000, experiencing a dip of over 2% in the last 24 hours. This comes following BTC’s impressive climb to exceed $110,000 on June 11th after positive US inflation data (CPI). Notably, institutional interest in Bitcoin continues to grow, with inflows into BTC ETFs remaining strong at over $164 million for a third consecutive day. **
* **ETH:** Ethereum is currently trading above $2,700 after experiencing significant price drops exceeding 4% within the last 24 hours. A notable surge in ETH ETFs inflows on June 11th signifies continued institutional enthusiasm for this asset. The influx was a record high since May 16th and marked the 18th consecutive inflow day, highlighting its attractiveness to investors.
**Market Outlook:** Despite recent volatility, market participants remain optimistic about the future of both Bitcoin and Ethereum. This upcoming expiry event will likely influence the market’s momentum as we approach a crucial turning point in their respective cycles.