Deribit Set for $2.51 Billion Bitcoin and Ethereum Options Expiry Today

According to data from Deribit, approximately $2.51 billion in Bitcoin and Ethereum options are scheduled to expire today. Bitcoin options represent the bulk of the settlement, accounting for $2.23 billion in notional value with a put/call ratio of 0.68 and a "max pain" price level of $66,000. Ethereum options contribute an additional $291 million in notional value, featuring a put/call ratio of 0.62 and a max pain point of $1,750. Currently, both major assets are trading above their respective max pain levels, indicating a market positioning heavily tilted toward call options. This expiry event is being closely monitored by traders for potential volatility as positions are settled or rolled over in the derivatives market.