The tweet was deleted by the author.
But we saved everything 🙂.
Deribit announced that approximately $2 billion in crypto options, including $1.59 billion in Bitcoin and $408 million in Ethereum, are scheduled to expire on May 8 at 08:00 UTC, with additional information provided on put/call ratios and max pain levels for both assets.
Deribit reported that approximately $2 billion worth of cryptocurrency options will expire on May 8 at 08:00 UTC. This includes around $1.59 billion in Bitcoin options with a put/call ratio of 0.68 and a max pain level of $79,000, as well as about $408 million in Ethereum options with a put/call ratio of 0.91 and a max pain level of $2,350.
Additional information indicated a recent change in the Bitcoin options put/call ratio to 1.10. No further details regarding the implications of these expiries or additional context were provided in the post.
Deribit is a cryptocurrency exchange launched in 2016, specializing in trading futures and options contracts on assets like BTC, ETH, USDC, SOL, XRP, LUNA, and AVAX. The platform supports leveraged trading up to 50x, offers different order types, and utilizes the TradingView browser terminal as well as a mobile app for iOS and Android. For more detailed information about its features, trading conditions, and support options, visit the broker profile on Traders Union.
For further context, see our earlier news about Deribit, which discussed how bitcoin's failure to break above $80,000 led to broader caution in crypto markets, with derivatives data—especially on Deribit—showing a shift toward more defensive positioning. Read the previous Deribit update on Traders Union here.