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Deribit has announced that approximately $1.81 billion in crypto options, primarily in BTC and ETH, are set to expire at 08:00 UTC tomorrow, with BTC spot trading significantly below the reported max pain level following recent market volatility.
Deribit has reported that about $1.81 billion in crypto options, mainly involving BTC and ETH, are scheduled to expire at 08:00 UTC. According to the announcement, BTC options account for $1.56 billion notional with a put/call ratio of 0.56 and a max pain point of $71,000, while ETH options total $252 million with a put/call ratio of 0.97 and max pain at $2,000.
The information also notes that the current BTC spot price is trading roughly $8,000 below the identified max pain level, following a period of significant market decline. No additional details were disclosed in the post.
Deribit is a cryptocurrency exchange established in 2016, specializing in active trading of derivatives such as futures and options for BTC, ETH, USDC, SOL, XRP, LUNA, and AVAX. The platform offers a browser-based TradingView terminal, mobile applications, leverage up to 50x, and fixed commissions that are generally below the market average. For additional details, visit the Deribit broker profile on Traders Union.
For more context, our earlier news about Deribit discussed their partnership with MarexGlobal to expand institutional access to crypto derivatives trading. You can read the details in the previous Deribit update on Traders Union.